Brazil continues to break records and Australia is close to the limits.

September exports are reported for the two world leaders, as well as for Uruguay, since they publish them very early in the month. Paraguay, which normally also does so, had not yet released them as of yesterday, nor did the U.S., referring to August, due to the government shutdown since October 1st, due to the absence of a budget law. Brazil: new record in exports In September, it broke its monthly record, with 315 thousand tons, thus surpassing the most recent mark of 277 thousand tons, achieved just two months ago. Comparing with September 2024, there is an increase of 25%. Looking at the five main destinations, there are increases of between 10 and 27%. China was the destination of a new monthly record with 187 thousand tons (+38% year-on-year), diverting part of what it cannot send to the U.S., due to the additional 50% in tariffs. In the face of the virtual loss of this destination, Mexico replaced it in second place with 13 thousand tons in September and a 172% increase in ...