Anec Cuts Brazil’s Corn Export Estimate, Ups Soymeal Projection for July

Brazil’s corn exports for July were estimated on Tuesday at 4.14 million tons, a decrease of over 400,000 tons compared to the projection from last week, according to a report from the National Association of Cereal Exporters (Anec).

Anec also made a slight downward revision to Brazil’s soybean exports for the month, now projecting 12.11 million tons shipped, compared to 12.19 million tons estimated a week earlier.

Meanwhile, Brazil’s soybean meal shipments for the month were revised upward to 2.4 million tons, up from 2.25 million tons projected the previous week.

Source: Compre Rural

Sharing is caring!