After a record, Brazilian soybean exports in February are expected to fall

Published Feb 8, 2024

Tridge summary

Brazil's soybean exports are expected to decrease to 7.3 million tons in February 2024, down from 7.547 million tons in the same month in 2023, according to the National Association of Cereal Exporters (Anec). Despite a record high in January 2024, February's exports are not expected to surpass the previous year's. However, soybean meal shipments are predicted to increase from 1.276 million tons in February 2023 to 1.745 million tons. China, which bought 75% of total soybeans exported in January, is expected to reduce its demand.

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

Original content

Brazilian soybean exports are expected to reach 7.3 million tons in February 2024, according to a weekly survey by the National Association of Cereal Exporters (Anec) released this Wednesday (7) In the same month last year, shipments were 7.547 million tons. Thus, unlike the historical record obtained for the month of January (2.6 million tons, more than 200% more than in the same period in 2023), the second month of the year is not expected to surpass last year's mark. In the week between January 28th and February 3rd, Brazil shipped 1.167 million tons. Between the 4th and 10th of February, 2.373 million tons are expected. For soybean meal, the forecast is for shipments of 1.745 million tons in February. In the same month last year, the total was 1.276 million tons. In the week between January 28th and February 3rd, Brazil shipped 373,776 thousand tons. For the current one, shipments of ...

Source: CanalRural