Two-thirds of Brazil's soy is planted. The coming crop is a record, if El Niño spares the South
Planting reached 66.8% of the area; summer corn, 51.2%. Conab projects 181.6m tonnes of soy and 367m of grains.
To save you time3
- How much soy is planted?
- 66.8% of the estimated area; summer corn was at 51.2%, per Conab's Nov 9 bulletin.
- How big is the crop?
- Conab projects 367.1 million tonnes of grains (+1.4%), with 181.6 million of soy (+0.7%) and up to 148 million of corn (+2.4%).
- What is the risk?
- El Niño, which could affect the South. Conab notes estimates change as the crop develops.
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Brazil's 2026/27 soybean planting reached 66.8% of the area; summer corn, 51.2% (Conab bulletin, Nov 9).
Crop size
Conab projects:
- Grains: 367.1 million tonnes, +1.4%, on 85.4 million hectares (+2.3%).
- Soybeans: 181.6 million, +0.7%.
- Corn: up to 148 million, +2.4%.
- Wheat: 5.7 million, -27%.
The risk
El Niño, which may hit the South. Estimates change through the cycle.
What I would watch
A record crop doesn't mean a good year: more supply pressures port premiums and prices while credit is costly and urea rises. Farm margins depend on the currency (favorable at R$5.65) and weather in the South in coming weeks.
