Rabobank estimates record soybean exports and crushing in Brazil in 2022

Published 2021년 11월 10일

Tridge summary

Rabobank forecasts that Brazil's soybean exports could reach a record 88 million tons in 2022, potentially rising to over 90 million tons if Chinese crushing margins significantly improve. This projection reflects the anticipated record harvest of 142 million tons for the world's largest soybean producer. Additionally, soy crushing in Brazil is expected to reach a new high of 47.5 million tons in 2022. Rabobank also predicts that Brazil's total corn production will increase by 5% to 116 million tons in 2021/22, with exports estimated at 20 million more tons than in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SAO PAULO (Reuters) – Soybean exports from Brazil could reach a new record of 88 million tons in 2022, considering the prospect of a historic high for the harvest of the largest global producer and exporter of oilseed in 2021/22, estimated on Wednesday. the Rabobank fair. The bank also added that, in the case of a “significant improvement” in crushing margins in China (the world's largest importer), Brazilian soy exports could be even greater, totaling more than 90 million tons. The projection indicates a continuity of market strength seen this year. From January to November, exports of the Brazilian oilseed are estimated at an annual record, with one month to go before the end of 2021. According to data released by the National Association of Cereal Exporters (Anec) on Tuesday, soybean exports from Brazil accumulated in the year until the end of November should reach 84.5 million tonnes. Rabobank's estimates are based on the expectation of a new record crop in 2021/22, which ...

Source: Istoedinheiro