Brazilian soybean exports reached 16.4 million tons in May, up 16.3% over the same period in 2020, according to data released on May 1st by SECEX ((the Ministry of Finance’s foreign trade secretariat). The shipment pace recorded during the first three weeks of the month indicated the possibility of a new monthly record, but the daily sales average cooled to 781,110 tons, and the volume in May was below the current record of 17.38 million tons set in April this year. Last week, ANEC (the national association of cereal exporters), which also foresaw a record May in the middle of the month, backtracked and reduced its export forecast for the oilseed, based on data from the shipping schedule. On June 1st, ANEC announced that May soybean shipments totaled 14.41 million tons, compared to 13.86 million in the same period of the previous year. Compared to April, however, there was a drop of 8%. The association’s data consider the volumes exported, while SECEX’s figures consider the shipment records, which explains the difference between the numbers.
Sources: Forbes/Datamar News