News

Anec lowers projection for soybean exports from Brazil in February to 7.73 million tons

Wheat
Maize (Corn)
Soybean
Brazil
Published Mar 1, 2023

Tridge summary

SAO PAULO (Reuters) - Soy exports from Brazil in February were estimated at 7.73 million tons, versus an estimate of up to 8.3 million pointed out in the previous week, in the wake of a slower harvest of the 2022/23 crop and rains that affect shipments, showed data from the National Association of Cereal Exporters (Anec) this Tuesday. The new forecast, however, was slightly above the minimum shipment projected by the entity last week, of 7.6 million tons. The projection of corn shipments, in turn, was practically stable with 1.95 million tons, against 1.99 million in the last survey. If expectations are confirmed, based on the scheduling of ships for shipment, there will be a drop compared to the export of 9.11 million tons of soybeans in February 2022, and a great advance in corn, since shipments of the cereal in the same month of last year they totaled only 523.3 thousand tons.

Original content

SAO PAULO (Reuters) - Soybean exports from Brazil in February were estimated at 7.73 million tons, versus an estimate of up to 8.3 million pointed out in the previous week, in the wake of a slower harvest of the 2022/23 crop and rains that affect shipments, showed data from the National Association of Cereal Exporters (Anec) this Tuesday. The new forecast, however, was slightly above the minimum shipment projected by the entity last week, of 7.6 million tons. The projection of corn shipments, in turn, was practically stable with 1.95 million tons, against 1.99 million in the last survey. If expectations are confirmed, based on the scheduling of ships for shipment, there will be a drop compared to the export of 9.11 million tons of soybeans in February 2022, and a great advance in corn, since shipments of the cereal in the same month of last year they totaled only 523.3 thousand tons. The summer corn harvest is also slow, but the country has available stocks after a full harvest ...
Source: Mixvale
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