ANEC Experts Increased Soybean and Corn Export Forecasts from Brazil in July

Experts from the Grain Exporters Association ANEC increased the forecast for soybean exports from Brazil in July by 1.1 million tons compared to the previously announced figure - up to 10.5 million tons, which, however, is inferior to the previous month's figure (14.2 million tons). ).

At the same time, despite the expected monthly decrease in export rates, the forecasted figure will exceed the result of July 2022 (7 million tons).

Also, an upward adjustment of the forecast was carried out in relation to the country's exports in July of soybean meal - by 200 thousand tons, up to 2.5 million tons (a month earlier - 2.3 million tons; the previous year - 2.1 million tons) and corn - by 600 thousand tons, up to 6.9 (1.2; 5.6) million tons.