Soybean exports from Brazil will reach 4 million 686 thousand tons in October

The National Association of Brazilian Exporters (ANEC) in October forecasts delivery for export of 4 million 686 thousand tons of soybeans. At the same time ANEC considers the possibility of lower exports, the final figures will vary from 4 million to 4 million 686 thousand tons of beans.

Soybean meal will be shipped to foreign markets at 2.474 million tons, up from last week’s forecast of 2.28 million tons. Soybean meal exports in September totaled 1.621 million tons compared to 1.652 million tons in October last year.

Earlier, the International Grains Council (IGC) forecast in an October report that global soybean production in 2024/25 would be 2 million tons or 7% higher than previously forecast, reaching a record high of 421 million tons.

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Tags: export, Brazil, soybean