Update

Brazilian G&O monthly update – October 2026

16 October 2026 18:56 RaboResearch
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Read our latest report on Brazilian G&O, detailing farmgate prices, amounts sold, and exports for corn and soybeans, as well as regional weather developments.

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Highlights

    Brazilian soybean farmgate prices decreased by 1.5% MOM in October. The start of the US harvest and the appreciation of the Brazilian real were the main drivers of the lower local prices. Farmgate corn prices decreased by 8% MOM in October. Despite the monthly decline, strong domestic demand continues to support local prices, limiting the competitiveness of Brazilian corn exports. Brazilian soybean exports reached 7.4m metric tons in September, a 25% decrease from the previous month. Year-to-date, soybean exports totaled 100m metric tons, representing 7% growth compared with the previous season. Corn exports in September totaled 5.2m metric tons, up 12% MOM. RaboResearch forecasts that total 2026 export volumes will decline relative to 2025. According to CONAB, soybean planting in Brazil has reached 16%, 4 percentage points ahead of this time last year. There are currently no concerns about soybean planting progress, which should allow safrinha corn to be planted within the ideal window.

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Brazilian G&O monthly update – October 2026

Previous editions

Brazilian G&O monthly update – September 2026
Brazilian G&O monthly update – July 2026
Brazilian G&O monthly update – June 2026
Brazilian G&O monthly update – May 2026
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The information and opinions contained in this document are indicative and for discussion purposes only. No rights may be derived from any transactions described and/or commercial ideas contained in this document. This document is for information purposes only and is not, and should not be construed as, an offer, invitation or recommendation. Read more