Brazilian corn, soybean, wheat exports fall in January

Brazilian corn exports amounted to 3.59 million tonnes in January, down by 26.3% from the same month last year. Meanwhile, soybean shipments fell by 62.4% to 1.07 million tonnes, according to customs weekly data on Monday, February 10. In January last year, Brazil exported 4.87 million tonnes of corn and 2.85 million tonnes of soybeans.

Brazil’s main corn buyer in January was Iran, with 1.09 million tonnes, followed by Egypt (870,823 tonnes), Vietnam (313,851 tonnes), Bangladesh (225,790 tonnes) and Morocco (159,118 tonnes).

Brazilian corn exports reached 499,236 tonnes in the first week of February, while Brazil exported 1.7 million tonnes of corn in the full month of February last year.

The average corn export rate per working day was 99,847 tonnes so far this month, up by 10.7% from the daily average of 90,162 tonnes in the whole month of February 2024.

Brazilian grain exporters’ association Anec projected the country’s January corn shipments at 3.14 million tonnes while expecting shipments to reach 1 million tonnes in February.

Soybean exports

China was the main buyer of Brazilian soybeans, with 799,949 tonnes, followed by Thailand (119,213 tonnes), Iraq (92,699 tonnes), and Spain (60,492 tonnes).

Soybean exports amounted to 348,195 tonnes in the first week of February, compared with a total of 2.85 million tonnes in the full month of February 2024.

The average soybean export rate per working day was 44,944 tonnes, 65.4% lower than the 129,767 tonnes per working day in the whole month of February 2024.

Anec projected Brazil’s total soybean exports in January 2025 at 1.1 million tonnes while projecting February exports at 9.7 million tonnes.

View our soybean prices

Wheat exports

Brazil exported 551,679 tonnes of wheat in January, down by 41% compared with 935,037 tonnes in the same month of 2024.

Anec projected Brazilian wheat exports in January to reach 657,691 tonnes, while pegging February exports at 478,200 tonnes.

The main buyer of Brazilian wheat in January was Vietnam, with 315,949 tonnes, followed by Saudi Arabia (131,329 tonnes), Indonesia (64,400 tonnes) and Ecuador (36,000 tonnes).

Wheat shipments reached 210,207 tonnes in the first week of February, compared with a total of 274,200 tonnes in the full month of 2024.

The average wheat export rate per working day was 42,041 tonnes, 191.3% above the 14,431 tonnes per working day in the whole month of February 2024.

View our wheat prices