Soybean, bran and corn: Anec of Brazil raises export forecast in December

Published 2024년 12월 18일

Tridge summary

Brazil's National Association of Cereal Exporters (Anec) has revised upwards its forecast for the country's December exports of soybeans, corn, and soybean meal. Soybean exports are now projected at 1.62 million tons, up by 330 thousand tons from the previous forecast. Corn exports are expected to reach 4.09 million tons, an increase of 130 thousand tons. Soybean meal exports are estimated to be 2.17 million tons, up by 270 thousand tons. Between December 15 and 21, Brazilian ports are set to ship significant quantities of these commodities. However, compared to the same period until November 2023, soybean exports have seen a decrease of 3.78%, corn exports have decreased by 30.72%, and soybean meal exports have increased by 2.95%.

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

Original content

Brazil's soybean exports in December were revised to 1.62 million tons, an increase of 330 thousand tons compared to the previous forecast of 1.29 million tons, according to data updated by the National Association of Cereal Exporters (Anec). For corn, the estimate rose to 4.09 million tons, an increase of 130 thousand tons compared to the 3.96 million tons forecast last week. For soybean meal, the projection was adjusted to 2.17 million tons, an increase of 270 thousand tons compared to the 1.90 million previously estimated. Between December 15 and 21, Brazilian ports are expected to ship 698.5 thousand tons of soybeans, 548.9 thousand tons of soybean meal and 1 million tons of corn, according to the port schedule. For wheat, weekly shipments are estimated at 95.7 thousand tons. In the accumulated period from 2024 to November, Brazil exported 95.89 million tons of soybeans, a decrease of 3.78% compared to the ...

Source: CanalRural