Agricultural Market - Feb. 27, 2026

China's absence from global soybean purchases marks the week. The Lunar New Year holiday ends on March 3rd. Even so, there was no significant recovery in business. Still, Chicago registered its best levels in months. The March contract traded near US$11,50. July approached US$11,80. The market is targeting US$12 in July, given firm fundamentals.

The harsh winter in the Northern Hemisphere is increasing demand for animal feed and oil. The market is awaiting stimulus for biofuels in the United States, a factor that could boost prices for soybean oil and corn ethanol.

In Brazil, the soybean harvest has reached 48%. Mato Grosso leads with 70%. Paraná accounts for 39%. Goiás varies between 33% and 35%. Rondônia reaches up to 45%. Bahia registers 28%. Rio Grande do Sul is facing drought and heat, resulting in losses. The harvest may be closer to 175 million tons than 180 million, still above the 171,5 million tons of the previous cycle.

Sales of the current crop have reached 36,5%, down from 44% in the same period last year. In February, shipments are expected to approach 6 million tons of soybeans and almost 2 million tons of soybean meal, with the possibility of a record for the complex.

No cornChicago reacts after indications of a 2 million hectare drop in planted area in the United States. The first Brazilian crop is 42% harvested. The second crop has reached 62% planting, with delays in some areas outside the ideal window. Producers still hold approximately 26 million tons to negotiate.

O wheat Prices are rising abroad amid uncertainties about the harvest during a harsh winter. In Paraná, prices range from R$ 1.150 to R$ 1.200. In Rio Grande do Sul, deals are being made between R$ 1.080 and R$ 1.100. Exports and imports are down compared to last year.

O rice February closes with minor adjustments in Rio Grande do Sul, between R$ 55 and R$ 60, below cost. Exports exceed the volume from the beginning of last year. In beanThe price of carioca coffee exceeds R$ 350 per sack in the 9+ grade variety. Black coffee is once again around R$ 200. Lower supply is sustaining the price increase.

By Vlamir Brandalizze - @brandalizzeconsulting