Soybean argentina china Decrease in the Forecast of World Soybean Processing Oilseeds Continued to Be Under Pressure - Brazil Harvest Estimate Depresses Prices Record Soybean Harvest Expected from Brazillian Farmers

Brazil exported almost 3 million tonnes of soybeans in December

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“By the end of December 2021, almost 2.8 million tonnes of soybeans from Brazil can be sold abroad.” This forecast was published by analysts from the National Association of Grain Exporters Anec. If the experts’ expectations are justified, the export figures of South American oilseeds will increase from November this year. By 0.63 million tonnes and by 2.62 million tonnes from December 2020.

“In the country’s ports, 655.8 thousand tonnes of oilseeds were prepared for shipment in the period from 26 December to 1 January (in comparison, 674 thousand tonnes were shipped a week earlier), the statement said. This means that the total export volume of Brazilian soybeans in 2021 will reach 86.88 million tonnes, surpassing the previous year’s result (82.29 million tonnes).

Mintec Global

According to forecasts by analysts at the state agricultural agency Conab, Brazil will be able to sell 90.67 million tonnes of soybeans abroad in 2022, around 5% more than the forecast exports in 2021. In the 2021/22 season, the soybean harvest will reach 142.8 million tonnes, 4 % more than a year earlier.