Brazil’s soybean exports are expected to reach 78 million tonnes in 2022, 9.3% down from last year’s 86.3 million tonnes, according to the country’s grain exporters’ association Anec. The figure is 2.5 million tonnes higher than the previous 75.5 million tonnes projection for full-year soybean shipments Estimates for November soybean shipments, however, were decreased to 2.3 million tonnes from the previous 2.4 million tonnes forecast. Still, the volume is 8.8% above the 2.1 million tonnes reached during the same month last year. If exports come in as forecast, Brazil’s shipments will end November at 76.8 million tonnes behind 2021’s 86.6 million tonnes. If the projection is confirmed, corn exports will reach 38.5 million tonnes during the first 11 months of 2022, up 89.9% from the total exported in 2021.
Sources: Fastmarkets/Datamar News