10/22/25 Trump’s Soybean Export Estimates Drop 3 Billion Bushels

10/22/2025 Click Above to Watch Brian’s Afternoon Market Update Trump’s Soybean Export Estimates Drop 3 Billion Bushels PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Brazil’s planting pace has cooled off a bit heading into late October, but still closely tracks the historical average with roughly 35% complete overall.  We see this week leaning drier, but it appears to be short-lived as most rainfall becomes widespread by October 30th.  The forecast to start off November provides 2” – 3” for at least 85% of their growing region.  Farmers will use the break in the weather to accelerate planting.  It would not surprise me if some of those growers that started in September will wrap things up in the next several days.  Meanwhile growers in the Northeast are just getting started.  The market may trade higher following drier headlines, but it would appear to be short-lived.   Therefore, we advise against chasing rallies. We highlighted last week how during La Niña years, we typically see much drier weather in Southern Brazil and Argentina.  Longer term forecasts are never as accurate.  But they are indicating those same La Niña affects will persist heading into December, with dryness in Rio Grande do Sul, extending into…