BRAZIL’S ANEC FORECASTS CORN EXPORTS UP TO 4.5 MILLION TONS

The National Association of Cereal Exporters (Anec) has revised corn export forecast for August. Shipments are now expected to reach up to 4.527 million tons, from 3.987 million tons expected last week. The volume of soybean remains steady, about 6.5 million tons. The volume of soybean meal is expected to reach 1.607 million tons, compared to 1.547 million tons expected last week. The projection considers the schedule at the ports. Over 1.257 million tons of soy, 969.2 thousand tons of corn, and 317.1 thousand tons of soybean meal left the country in the period of August 8-14. Almost 1.405 million tons of soy, 1.155 million tons of corn, and 438.1 thousand tons of soybean meal are expected to be exported in the period of August 15-21.

Source: Revista Dinheiro Rural (*Translated by Ia Niani)