In Brazil, Compre Rural reported that the National Association of Cereal Exporters (Anec) updated its export projections for August, indicating a volume between 7.80 million and 8.50 million tons of soybeans, with an average of 8.15 million tons applied in the calculations.
The volume represents a 32.4% decrease compared to the 12.02 million tons shipped in July, but remains 2.2% above the 7.98 million tons exported in August 2024, reflecting the typical seasonality of the oilseed.
For corn, Anec estimates shipments of between 7.16 million and 8 million tons in August, with an average of 7.58 million tons. If confirmed, the volume will represent a 61% increase compared to the 4.71 million tons exported in August last year, signaling the beginning of the export window for the second-crop cereal, according to the report.
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Category: Food & Agriculture
