The expectation of the the National Association of Cereal Exporters (Anec) over soybean exports from Brazil rose to 6.582 million tons in August, while the previous forecast was 6.477 million tons. The estimates are based on the volume shipped until August 15. The forecast for corn and bran shipments also boosted in August. Anec now expects 1.848 million tons of bran shipment compared to 1.631 million last week. For corn shipment, the expectation is now about 7.249 million tons for foreign sales. From August 16 to 22, ANEC expects shipments of 1.075 million tons of soybeans, 444,681 tons of bran and 1.705 million tons of corn. If the forecasts are confirmed, the country’s foreign sales in the first eight months of the year may reach 76.399 million tons of soybean, up 35.35% compared to the same period of 2019, 14.838 million tons of corn (-34.10 %) and 11.814 million tons of bran (+ 12.44%).
Source: Estadão / Notícias Agrícolas