Anec: forecasts of soybeans, bran, and corn exports revised downward

Brazil’s National Association of Cereal Exporters (Anec) reduced its estimates for exports of soybeans, soymeal, and corn from Brazil in September compared to last week’s forecasts.

Corn exports could reach up to 7.132 million tonnes, versus up to 7.618 million tonnes in last week’s forecast.

If this forecast is proved accurate, Brazil will have shipped the highest monthly volume of the year in September, surpassing the August total, which reached around 6.9 million tonnes.

See below the track record of the volume of corn (HS 1005) exported by Brazil from January 2021 to July 2022. The data is from DataLiner.

Brazilian exports of Corn | Jan 2021 – Jul 22 | WTMT

Source: DataLiner (click here to request a demo)

Despite the large amounts anticipated, the forecasts for exports indicate that the country is further away from the monthly historical record set in August 2019 (7.67 million tonnes).

Soybean exports from Brazil in September should reach 3.818 million tonnes, compared to the 4.152 million announced in the previous week.

See below the track record of the volume of soybeans (HS 1201) exported by Brazil from January 2021 to July 2022. The data is from DataLiner.

Brazilian exports of soybeans | Jan 2021 – Jul 2022 | WTMT

Source: DataLiner (click here to request a demo)

Soybean meal exports were estimated at 2.013 million tonnes in September, versus 2.225 million in the previous week’s expectations.

Source: Money Times

To read the full original article, please go to: https://www.moneytimes.com.br/anec-reduz-estimativas-de-exportacoes-de-soja-farelo-e-milho-do-brasil-em-setembro/

Sharing is caring!