Brazil: Soybean, bran and corn export forecast increases in December

Published 2024년 12월 11일

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 to reach 1.57 million tons, an increase of 330 thousand tons from the previous forecast. Corn exports are expected to rise to 3.96 million tons, and soybean meal exports to 1.9 million tons. Between December 8 and 14, Brazilian ports are set to ship significant quantities of these commodities. However, compared to the same period in 2023, soybean exports have seen a decrease of 3.87%, corn exports have decreased by 8.05%, while soybean meal exports have seen a slight increase of 2.62% in the accumulated period from 2024 to November.
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 1.57 million tons, an increase of 330 thousand tons compared to the previous forecast of 1.24 million tons, according to data updated weekly by the National Association of Cereal Exporters (Anec). For corn, the estimate rose to 3.96 million tons, 370 thousand tons more than the 3.59 million predicted last week. For soybean meal, the projection was adjusted to 1.9 million tons, an increase of 460 thousand tons compared to the 1.44 million previously estimated. Between December 8 and 14, Brazilian ports are expected to ship 424.79 thousand tons of soybeans, 358.76 thousand tons of soybean meal and 1.12 million tons of corn, according to the port schedule. For wheat, weekly shipments are estimated at 29.27 thousand tons. In the accumulated period from 2024 to November, Brazil exported 97.40 million tons of soybeans, a decrease of 3.87% compared to the 101.31 ...
Source: CanalRural

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