Conab Keeps Brazil's Soybean and Corn Crop Estimates Unchanged
Brazil's state supply company Conab left its soybean and corn crop estimates unchanged, Market Talk reports, with planting of soybeans 66.8% complete.
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what happened
Brazilian state supply company Conab has kept its forecast for the 2026/27 soybean harvest at 181.6 million metric tons. As of the first week of November, planting was 66.8% complete. Market Talk reports that initial crop development has been generally positive, although conditions differ across regions.
Conab said: "Irregular rainfall, combined with high temperatures and the effects of the El Niño phenomenon at the start of this cycle, calls for a cautious outlook regarding productive potential." Its corn forecast from three harvests also stayed at 148 million tons, unchanged from October. A larger planted area compared with last year was partly offset by lower yields.
why it matters
Crop estimates feed directly into expectations for global soybean and corn supply. Unchanged figures mean no new surprises, so weather remains the main factor that could shift final yields.
market impact
Soybeans and corn: unchanged crop forecasts give no new signal for grain prices
tags
instruments
sources
- Brazil Keeps Soybean, Corn Crop Estimates Unchanged — Market Talk, 13 November 2026 at 16:54 UTC
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