In Brazil, Reuters reported that Brazil’s soybean exports jumped 64% in November from a year ago to 4.2 million metric tons, with good local supply allowing elevated shipments before the world’s largest importer China shifts to United States’ beans.
Brazil soy exports normally fall towards the end of the year as the country approaches the new harvest late on January or early February, but a record crop in 2025 means there are still enough supplies to keep foreign sales going, grain exports lobby Anec said.
Anec projects December shipments to also increase sharply, around 90%, to 2.8 million tons. The industry group sees total Brazilian soy exports at 110 million tons in 2025 from 97.3 million tons in 2024, according to the report.
Brazilian corn exports, however, are expected to fall short of expectations, Anec said.
Anec reduced its corn shipment projection by 1 million tons for 2025, to 41 million tons, citing increasingly higher domestic demand.
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Category: Food & Agriculture
