Anec raises forecasts for Brazilian soybean, corn and soybean meal exports in December

Published 2024년 12월 10일

Tridge summary

Brazil's soybean exports for December are projected to reach 1.57 million tonnes, a significant increase from the previous week's forecast of 1.24 million, but a decrease of over 50% compared to December of the previous year. The National Association of Grain Exporters (Anec) forecasts that Brazil's total soybean exports for 2024 will be 97.4 million tonnes. Additionally, the country's corn exports for December are projected to be 3.96 million tonnes, an increase from the previous forecast of 3.59 million. The projection for Brazil's soybean meal exports for December is 1.9 million tons, a significant increase from the previous forecast of 1.44 million and a potential new record for annual soybean meal shipments with nearly 23 million tons.

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Original content

SÃO PAULO (Reuters) - Brazil's soybean exports are expected to reach 1.57 million tonnes in December, compared to 1.24 million in the previous week's forecast, a report by the National Association of Grain Exporters (Anec) showed on Tuesday. Even so, domestic shipments of the oilseed would fall by more than 50% compared to December last year, when there was a greater supply to maintain volumes in the off-season. Brazil exported 3.79 million tonnes in the same month of 2023, when the country closed the year with record exports of 101.3 million tonnes of soybeans. For 2024, shipments are now forecast by Anec at 97.4 million tonnes. Brazilian corn shipments abroad were forecast at 3.96 million tonnes this month, compared to 3.59 million in the previous forecast and 6.46 million in the same period last year. The projection for the year was 38.15 million tons, compared to 55.56 million tons of the cereal in 2023. The estimate for the ...

Source: NoticiasAgricolas