In February, Brazil will export less soybeans and more soy bran according to Anec

Soybean exports from Brazil are expected to reach 7.5 million tons in February, according to the National Association of Cereal Exporters (Anec), which revised its forecast downward from the one released last week (9, 9 million tons).

Nonetheless, despite lower-than-expected exports in January, Brazil has the potential to set a record for soybean shipments in February, surpassing the volume of 6.6 million tons in 2020.

According to Anec, based on vessel schedules, Brazil could ship more soy than it did in February when shipments totaled 5.5 million tons.

See below the track record of Brazilian soybean exports for the last three years. The data are from DataLiner:

Brazilian Soybean Exports (HS 1201) | Jan 2019 to Dec 2021 | WTMT

Source: DataLiner (click here to request a demo)

Data from the first week of the month released by the Department of Foreign Trade (Secex) point, however, to a slowdown in shipments at the beginning of the month in comparison with the daily average of the same month last year.

Anec estimated the shipment of soybean meal at 1.9 million tons, a one million-ton increase over the same month last year after the association raised its forecast from 1.29 million tons last week.

Source: Money Times

To read the full original article, please visit the link:

https://www.moneytimes.com.br/anec-reduz-projecao-de-exportacao-de-soja-do-brasil-em-fevereiro-eleva-a-de-farelo/

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