Exports of soybeans, soybean meal soy, corn and wheat Brazil's January exports are on track to surpass initial projections, according to data released Tuesday by the National Association of Cereal Exporters (ANEC).
Soybean exports
ANEC revised soybean shipments to 2.19 million tons, surpassing the previous week's projection of 1.71 million tons. Despite the increase, the volume is still below the 2.4 million tons exported in January 2024.
Soybean meal on the rise
Soybean meal exports are expected to reach 1.80 million tons, an increase of almost 400 thousand tons compared to the previous forecast. This volume exceeds the total of 1.76 million tons exported in the same month last year.
Corn: Small adjustment and annual drop
In the case of corn, ANEC adjusted its projection to 2.98 million tons, slightly above the 2.90 million tons estimated last week. However, the volume is lower than the 3.5 million tons exported in January 2024.
Wheat: Growth in projections
ANEC estimated wheat exports at 662,090 tons, representing a considerable increase over the 519,290 tons previously projected. However, the volume is still below the 685,171 tons shipped in the same period last year.
These figures reinforce Brazil’s role as one of the world’s leading exporters of agricultural commodities. For more information and market analysis, follow the updates on our blog.
Source: Roberto Samora and Gabriel Araujo | Notícias Agrícolas
