World: Soybean complex exports at five-year highs

1- Soybean oil, meal and bean exports at their highest since 2018/19 Soybean complex exports tend to suffer seasonally as the campaign progresses. On average, 16% fewer tons of oil, meal and beans are usually shipped during November than during October, and the current campaign would be no exception. During the eleventh month of the year, 2.4 Mt of meal, 612,000 tons of oil and 94,000 tons of soybeans were exported, 14% less than in October, although double that of November 2023 and in line with the volume shipped for the month during the last five years. By adding the tons already shipped during December and those that should be shipped in the remainder of the month following the scheduled line-up, accumulated exports for the soybean complex would be the highest in five campaigns and 80% more than at this same time last year. 2- Soybeans collapse in Chicago, dragging local prices to January 2018 lows In Chicago, soybean futures contracts had a catastrophic week. Between supply ...