According to the Anec (National Association of Cereal Exporters), Brazil is likely to export 15.15 million tons of soy in April, up from the 14.38 million tons predicted the week prior. If accurate, the forecast based on the ships scheduled for cargo will be 3.79 million tons more than the volume of 11.36 million tons shipped in the same month last year, amid a record soybean crop. Since the harvest of soybeans is nearly finished in April, this month sees the highest exports of the crop. Even yet, the expected volume should be lower than the previous high of 15.67 million tons in April 2021, when grain exports peaked.
Sources: Reuters/Forbes Agro (*Translated by Ia Niani)