Brazil’s soybean and corn exports revealed contrasting performances in November, according to the latest Logistics Bulletin from the National Supply Company (Conab). Soybean exports faced a decline, while corn exports surged, bolstered by robust global demand. From January to November, soybean exports totaled 96.8 MMT, a drop from 101.8 MMT in the same period of 2023. This marked a shift in Brazil’s export revenue leadership, as soybeans lost ground to oil. The last time soybeans were not Brazil’s top export earner was in 2021, when iron ore took the lead. Corn exports, on the other hand, displayed significant growth, as movement through the Northern Arc of ports jumped. Conab forecasts continued growth in Brazil’s agricultural exports, driven by production recovery and improved logistics.
Brazil’s Soybean, Corn Exports Show Divergent Trends
Brazil’s soybean and corn exports revealed contrasting performances in November, according to the latest Logistics Bulletin from the National Supply Company (Conab).
(Farm Journal)
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