Soybean exports decline in Brasil

According to specialists, this conservative position is linked to producers being apprehensive and doubtful about the technological level which will be possible to adopt within the next campaign. In addition to a significant increase in costs due to restrictions in the fertilizer market because of the conflict between Russia and Ukraine.

Soybean exports in March were estimated at 11.12 million tons, which represents a 29% drop compared to the monthly record of 15.67 million tons registered for the same period last year.

• With this decrease in production, Brazilian soybean exports are expected to close the quarter approximately 1.5 million tons less than in the same period of 2021, totaling 34.68 million tons.

In the case of soybean meal, exports are expected to grow by more than 300,000 tons year-on-year, up to 1.9 million tons in April, despite a reduction in grain exports. This is due to the fact that processing within the country has been able to maintain itself with good margins.

While for corn, sales’ evolution is also 36.9% below the five-year average.

Producers and other market players remain expectant as to what might happen in the following months, but the truth is expectation run low regarding possible outcomes in the near future.