Soybean exports from Brazil in March is likely to reach 12.9 million tons, according to the National Association of Cereal Exporters (Anec). If the forecast is confirmed, Brazil’s soybean export will drop by around 2 million tons in the YOY comparison. In turns, Anec lowered the expectation for soybean meal shipments from 2.011 million tons to 1.845 million. Despite the drop, Brazil could still surpass the volume of soybean meal shipped in March last year, 1.27 million tons. Anec shows an upward forecast for wheat exports of 522,164 tons in March over 501,730 tons estimated last week. There are no reports on volumes of wheat shipped in March last year. For corn, the association’s estimate was updated to 110,000 tons over 55,000 previously estimated. Despite the increase, the amount is below the 115,120 exported in March 2021.

Source: Reuters (*Translated by Ia Niani)