Soybean planting advances in Brazil, but La Niña may compromise the crop; what to expect?

The soybean market ended the first week of October influenced by external and internal factors. While in the United States, Donald Trump's announcement of negotiations with China brought some relief to the prices in Chicago, the political impasse that led to the government shutdown increased the volatility of the dollar and the caution of market players. According to the Grão Direto platform, in Brazil, the highlight was the advancement of the planting of the 2025/26 crop, still marked by climatic irregularity and the expectation of a record production. The soybean market followed statements by former U.S. President Donald Trump, who said he would discuss the issue with Xi Jinping in four weeks and signaled that part of the tariffs applied to China would be destined to support U.S. producers. The announcement brought slight optimism to the prices in Chicago. For the first time in almost seven years, the United States entered a shutdown due to the lack of agreement on the 2026 ...