Data form National Association of Cereal Exporters (Anec), which considers shipments and the schedule of ships, shows that corn exports from Brazil will reach 4.8 million tons in November. As a result, Brazil’s corn exports this month may possibly outstrip November 2019 by 300 thousand tons. In addition, the export of soy from Brazil is expected to reach 762,700 tons this month, compared to 688,100 estimated in the past week. With Brazilian stocks already low after earlier massive shipments, Anec estimates that the country has potential to end 2020 with a record number of shipments, by 83 million tons. Anec has also raised its forecast on soybean meal shipments from 1.2 million, projected in the past week (and from 1.1 million, expected last year) to 1.4 million tons in November 2020. Exports may reach 15.8 million tons until the end of 2020, in comparison with 14.4 million tons in the same period in 2019.
Source: Reuters
*Translated b Ia Niani