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IBGE's first 2027 forecast under its LSPA survey puts Brazil's grain harvest at 346.6 million tonnes, down 2.6% (9.2 million tonnes) from the record estimated for 2026. Harvested area is seen slipping 0.1% to 83.2 million hectares, and soybeans are projected at 173.9 million tonnes, down 0.6%.
IBGE attributes the decline to a strong El Niño in key producing regions and higher input costs driven by expensive oil.
A forecast drop in Brazil's soybean and grain output, combined with costlier fertilizer and fuel, supports soybean meal and corn prices for feed buyers. The estimate is an early projection, so the market impact is moderate.
agronews.tv.brVicente DelgadoNov 13, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
