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Brazil: Anec raises soybean export forecast in April to up to 14.34 million tons

Soybean
Published Apr 17, 2024

Tridge summary

Brazil's National Association of Cereal Exporters (Anec) has updated its export forecasts for April, indicating an increase in soybean exports to between 13 and 14.34 million tons, up from an earlier estimate of 12.73 million tons. Soybean meal shipments are also expected to rise to 2.58 million tonnes from 2.44 million tonnes. However, while corn exports are projected to remain at 26.72 thousand tons, wheat exports have been revised down to 110.59 thousand tons from 140.59 thousand tons. Recent export activities included 2.95 million tons of soybeans, 371.20 thousand tons of bran, and 24.14 thousand tons of wheat, with no corn shipments recorded for the week of April 7th to 13th. For the upcoming week of April 14th to 20th, Anec forecasts shipments of 3.32 million tons of soybeans, 683.71 thousand tons of bran, and 26.72 thousand tons of corn, with no wheat shipments expected.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil is expected to export between 13 million and 14.34 million tons of soybeans in April, according to an update from the National Association of Cereal Exporters (Anec). The volume is higher than last week's estimate, when shipments of 12.73 million tons were expected. For soybean meal, the shipment forecast also increased, to 2.58 million tonnes, against 2.44 million tonnes forecast a week ago. Check out hot information about agriculture, livestock, economy and weather forecast in the palm of your hand: follow Canal Rural on WhatsApp! Corn exports are expected to remain at 26.72 thousand tons, while the forecast for wheat fell to 110.59 thousand tons, against 140.59 thousand tons estimated last week. In the week from April 7th to 13th, 2.95 million tons of soybeans, 371.20 thousand tons of bran and 24.14 thousand tons of wheat were ...
Source: CanalRural
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