South American crop consultant Dr. Michael Cordonnier says drier weather during April allowed for near-record soybean exports from Brazil's two main southern ports in Paranagua and Santos. Soybean exports of 7.15 MMT were nearly double the previous month's total and were just short of the record set in May 2012.
"At the Port of Paranagua, loading operations were suspended due to wet weather for 310 hours during March (13 days), while during the month of April, wet weather caused loading operations to be suspended for only 90 hours (3.75 days)," notes Dr. Cordonnier.
But the forecast for the next two weeks is wetter for the region, which could slow exports. "The fronts won't result in continuous rainfall, but there will be enough precipitation to cause loading disruptions. If this forecast verifies, soybean exports during May and June could end up being less than what they were during April," says Dr. Cordonnier.