Brazilian soybean exports are expected to be around 7.64 or else 8 million tons, according to a weekly survey by the National Association of Cereal Exporters (ANEC). In July last year, exports totaled 8.03 million tons. In June, the country shipped 10.13 million tons. Year-to-date, Brazil is expected to ship up to 68.5 million by the end of July. For soybean meal, the forecast is for shipments of 1.62 million tons. In the same month last year, the total volume exported was 1.73 million tons. In June, volume was 1.84 million tons. The first seven months of the year is likely to end with 9.89 million tons shipped. ANEC estimates corn shipments at 2.38 million tons for July. In July 2020, Brazil exported 5.1 million tons of corn. In June, corn shipments totaled 89.2 thousand tons. Exports are expected to reach 5.28 million tons by the end of this month.
Source: Agência SAFRAS (*Translated by Ia Niani)