Brazilian Soybean, Soymeal, and Corn Export Forecasts Lowered by Anec

Brazil’s Association of Cereal Exporters (Anec) revised down its export forecasts for Brazilian soybean, soymeal, and corn for August on Tuesday (27).

According to a report based on shipments and vessel schedules, Brazilian soybean exports are expected to reach 7.74 million tonnes in August, down from the 8.16 million tonnes forecasted the previous week.

If confirmed, this shipment volume would represent an increase of approximately 172,000 tonnes compared to the volumes shipped in the same month last year.

Brazilian soymeal exports are estimated at 2 million tonnes for this month, compared to 2.39 million tonnes forecasted last week and 1.97 million tonnes in August 2023, according to Anec data.

Corn exports are forecasted at 6.61 million tonnes, down from 7 million tonnes predicted the previous week.

The following chart uses DataLiner-derived data to show the month-on-month progression of corn shipments from Brazil between January 2021 and June 2024. A demo is available upon request through the link below.

Corn Export Volume | Jan 2021 – Jun 2024 | WTMT

Source: DataLiner (click here to request a demo)

August’s corn export forecasts would still drop compared to the same month in 2023 when the country exported 9.25 million tonnes.

Source: Forbes Agro

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