Brazil’s Association of Cereal Exporters (Anec) revised upward its forecast for soybean shipments in December by 0.3% to 2.777 million tons. These numbers took into account the port schedule. Exports increased by 1.6% when compared to the same month in 2020. Anec forecast Brazil will end 2021 with a new record in total exports, about 86.88 million tons of soy, up 5.6% from last year. In the case of soybean meal, the projection for December was revised upward by 5%, to 1.682 million tons – up 50% from December 2020. Anec now estimates total shipments at 17,016 million tons in 2021, an increase of 1.2% compared to 2020. The entity revised downward its forecast for corn in December by 11.8%, to 3.454 million tons. Total corn shipments this year are now estimated at 20.68 million tons, down almost 40% when compared to 2020.
Source: Valor (*Translated by Ia Niani)