Brazilian soybean exports in October may reach about 6.88 million tons, which is 16% higher than the previous month (5.55 million tons) and 79% higher than the final result in the same period last year (3.59 million tons). This forecast was released by analysts of the Association of Grain Exporters Anec.
At the same time, experts do not exclude the possibility of reducing the estimate of oilseed shipments to 6 million tons.
“In the penultimate week of this month (October 15-21), 1.57 million tons were shipped from Brazilian ports (1.30 million tons – a week earlier),” the Anec report says.
In addition, the Association expects to export another 8.49 million tons of corn against 9.33 million tons in September and 6.17 million tons in October 2022. However, experts note that it is possible to reduce the forecast of shipments to 7.8 million tons.
“Between October 15 and 21, 2.26 million tons were prepared for shipment for export at Brazilian ports, and 1.77 million tons a week earlier,” Anec added.
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