Brazil Soybean, Corn Exports Slow but Remain Strong

Brazil exported 3.829 MMT of soybeans during December, according to official government data.

Soybean Harvest in Brazil
Soybean Harvest in Brazil
(AgWeb)

Brazil exported 3.829 MMT of soybeans during December, according to official government data. That was down 1.367 MMT (26.3%) from November but nearly double the December 2022 figure. The December soybean shipments pushed Brazil’s 2023 total to a record of more than 101.8 MMT. Brazilian grain exporters group Anec expects the country to ship at least 1.3 MMT of soybeans this month, with the total as high as 2.7 MMT.

Brazil shipped 6.064 MMT of corn last month, down 1.342 MMT (18.1%) from November and 199,000 MT (3.2%) less than December 2022. Anec forecasts Brazil’s corn exports will reach 3.33 MMT this month.

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