Brazil to export up to 6.5 million tons of soybeans in August

Brazilian soybean exports are expected to reach between 6.25 million and 6.5 million tons in August, according to a weekly survey by ANEC (the national cereal exporters association). In the same period last year, the volume was 5.57 million tons. In July, the country shipped 7.97 million tons.

In the week between August 8 and 14, Brazil shipped 1.26 million tons. For the period between 15 and 21 August, ANEC shows that 1.4 million tons were exported. Year-to-date, the association projects shipments of up to 74.97 million by the end of this month.

For soybean meal, the forecast is for shipments of 1.6 million tons in August. In the same month last year, the total exported was 1.61 million tons. In July, the volume was 1.75 million tons. Last week, exports totaled 317,130 tons and the forecast for this week is 438,170 tons. The first seven months of the year should close with 11.62 million tons shipped.

Source: Canal Rural

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