Brazilian exports of soybeans in 2022 are estimated at 78 million tons and corn at around 40 million tons — MercoPress

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Brazilian exports of soybeans in 2022 are estimated at 78 million tons and corn at some 40 million tons

Monday, November 21, 2022 – 10:13 UTC


If exports are in line with forecasts, shipments from Brazil will end in November at 76.8 million tonnes, behind 2021’s 86.6 million tonnes, according to ANEC’s soybean report.

Brazil’s soybean exports are expected to reach 78 million tonnes this year, down 9.3% from 2021’s 86.3 million tonnes, according to grain exporters association Anec. But the figure is 2.5 million tonnes higher than the previous estimate of 75.5 million tonnes for full-year soybean shipments.

Although Brazil remains the world’s largest oilseed exporter, soybean shipments in November were reduced to 2.3 million tonnes from the previous forecast of 2.4 million tonnes. However, the volume is 8.8% higher than the 2.1 million tonnes reached during the same month last year.

If exports are as expected, shipments from Brazil will end in November at 76.8 million tonnes, behind 2021’s 86.6 million tonnes, the ANEC soybean report concluded.

The November soybean meal export projection also increased and is now estimated at 1.5 million tonnes. This figure is 27.2% higher than the 1.2 million tonnes exported last year in the same month.

If the figures are confirmed, 2022 exports will reach 19.2 million tonnes by the end of this month, up 25.4% from the 15.3 million tonnes shipped from January to November 2021. last year’s soybean meal exports totaled 16.8 million tons.

For maize, ANEC has raised its forecast for November shipments to 6.6 million tonnes as demand remains strong. According to the association’s estimate, exports will be 3.9 million tonnes higher than last year, when they amounted to 2.7 million tonnes for the same month.

If the projection is confirmed, maize exports will reach 38.5 million tonnes in the first 11 months of 2022, up 89.9% from the total exported in 2021. Japan, Vietnam, Egypt and Korea are the main customers for Brazilian maize this crop.

ANEC also reported a positive outlook for wheat, a rare agricultural export for Brazil, which has traditionally been a net importer of cereals. However, exports in November jumped 65,000 tonnes in the first half of the month to 143,000 tonnes, up 141.9%, from the 59,100 tonnes shipped overseas in November a year ago.

And if the export trend remains as expected, 2022 Brazilian wheat exports will reach 2.5 million tons by the end of November, much more than the 569,746 tons exported last year at the same time ago. a year. In other words, a historic record, up 128.9% compared to the volume exported by Brazil in 2021.

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