The drop in demand for derivative products also affected soybean prices. The increased supply of oilseeds in the Northern Hemisphere intensified price pressure in the Brazilian soy market. However, concerns about weather conditions in the country's main production regions limited price declines and, in some cases, prevented them altogether.
Despite the acceleration of cultivation for the 2026/27 season in Brazil, climate uncertainties continue to impact the market. Risks of dry periods in the Southern Region, extreme humidity in the Southeast, and irregular rainfall in Matopiba—covering the agricultural areas of Maranhão, Tocantins, Piauí and Bahia—remain prominent. Cepea stated that these risks have supported soybean prices, even in the face of reduced demand for derivative products and increased international supply.
