US soybean exports rise

According to data from the TF Agroeconômica Analysis Department, based on the USDA's weekly report released on April 25, U.S. sales of soybeans for the 2024/25 harvest totaled 428.2 thousand tons in the week ending April 24, an increase of 55% compared to the previous week. China led purchases with 139.4 thousand tons, even amid trade tensions. Sales of 50 thousand tons for the 2025/26 harvest were also reported, all of which were destined for Mexico. This movement in exports occurred in parallel with the improvement in weather conditions in the U.S. agricultural belt. The area with some level of drought was reduced from 21% to 15%, according to data updated by the USDA, reflecting the positive impact of recent rains. The expectation is that the climate scenario will continue to put downward pressure on prices, due to the expected good supply. Meanwhile, prices paid to Brazilian producers have varied behavior. In Rio Grande do Sul, for example, there was an increase in Campo ...