Brazil sold about 5.96 million tonnes of soybeans to foreign markets last month. This forecast was released by analysts of the Association of Grain Exporters Anec. They note that this volume of shipments of oilseeds significantly exceeds the level of October 2022 (3.58 million tonnes) and slightly exceeds the figure for September this year (5.53 million tonnes).
In terms of finished products, Anec estimates that soybean meal exports in the reporting period slipped to 1.69 million tonnes from 1.92 million tonnes in September and 1.78 million tonnes in October 2022.
Brazil also sold 8.32 million tonnes of corn in October, down 1 million tonnes from the previous month’s result but well above the 6.2 million tonnes in October 2022.
“Between October 29 and November 4, ports of Brazil prepared 2.03 million tonnes of corn for shipment, up from 1.91 million tonnes a week earlier, 1.49 million tonnes of soybeans (1.32 million tonnes last week) and 612,800 tonnes of soybean meal (372,500 tonnes),” the report said.
Source: Oleoscope