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Anec raises Brazil's March soybean export forecast closer to record

Published Mar 18, 2025

Tridge summary

Brazil's National Association of Grain Exporters (Anec) estimates that the country's soybean exports for March reach 15.56 million tonnes, a slight decrease from the previous week's forecast but still below the all-time monthly record. The shipped volume could potentially reach a new record of 16.1 million tonnes. Overall, Brazil's soybean exports are expected to exceed 100 million tons in 2025 due to a predicted record harvest and strong demand from China. Additionally, Anec estimates that soybean meal exports for March will be 2.60 million tons, surpassing the monthly record set in October 2023.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SAO PAULO (Reuters) - Brazil's soybean exports were estimated on Tuesday at 15.56 million tonnes in March, an adjustment of around 100,000 tonnes compared to the previous week's forecast, but still slightly below the all-time monthly record, according to figures released by the National Association of Grain Exporters (Anec). The highest soybean export for any month from Brazil, the world's largest producer and exporter of the oilseed, is in April 2021, with 15.7 million tonnes, according to figures from Anec. Anec said that the ship schedule would even allow for larger shipments, of 16.1 million tonnes, a new record. But for now it considers the volume shipped to be slightly lower than that seen in the "line-up". If the forecast is confirmed, there would be an increase of around 2 million tons in Brazil's soybean exports, after lower shipments from the country in the first two months of 2024 due to an initial delay in the soybean harvest. Brazil is expected to export more than ...

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