Expectations for higher supply keep prices down; weather remains on the radar

Cepea, October 19, 2026 – The progress of soybean harvesting in the Northern Hemisphere and the fast pace of sowing in Brazil have reinforced expectations for record production in the 2026/27 crop, pressing down domestic and international prices in mid-October. In the Brazilian market, however, concerns about the potential effects of El Niño have led some farmers to withdraw from trading in the spot market, limiting price drops.   Weather uncertainties are related to excessive rainfall in Southern Brazil, which has fueled speculation that part of the area allocated to soybean may be shifted to corn

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