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MBRF, one of Brazil's largest corn and soybean consumers, said it has been locking in grain purchases through forward contracts, spot buying, storage and derivatives at what it calls comfortable prices. The company said Brazil's climate is behaving somewhat better than feared for a strong El Niño year and that early soybean planting is reducing weather risk for the safrinha corn crop, though uncertainty remains over that second crop.
Large forward buying by a major feed user supports near-term demand, but favorable weather prospects for Brazil's crops add supply comfort that could cap prices. Corn remains the more uncertain crop because of the second-crop timing.
forbes.com.brLarissa PraisNov 13, 2026Not enough comparable past events yet for a historical read.
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.
