Brazil's soybean exports exceeded last year's total

Brazil's economic value reported on October 19 that according to the data released today by the National Association of grain exporters (anec), Brazil's soybean export in October was estimated to be 3.4 million tons, a year-on-year increase of 56.4%. In the first ten months of this year, the export volume of soybean is expected to reach 82.4 million tons, higher than the total export volume of last year (82.3 million tons). The Agency predicted that the export of soybean meal in October was 1.34 million tons, slightly lower than the previous forecast, an increase of 0.9% over the same period last year. The total export in the first ten months of this year was 14.1 million tons, slightly lower than the same period last year (14.4 million tons). Affected by the bad weather, the export volume of corn in October was 2.31 million tons, a year-on-year decrease of 48.9%. It is expected that the export volume in the first ten months may be 14.99 million tons of corn, which is much lower than that in the same period last year (24.6 million tons).

Source: Economic and Commercial Department of the Embassy in the Republic of Brazil