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Brazil’s customs data revealed that soybean exports for the first two weeks of January 2024 has already surpassed the figure for all of January 2023
Canadian Grain Commission data suggested that the country’s grain and oilseed exports fell at the end of 2023
Despite the lower average premiums compared to 2022, the market’s resilience was tested, which highlighted global dependence on Chinese demand
The country’s agriculture secretariat showed a surge in sales for both the 2022-23 crop and the 2023-24 crop
Strong export activities contribute to spike
Despite recent rains favoring crops, Brazilian farmers remain cautious
Renewed restrictions on the Panama Canal curb shipping expectations
A decrease in corn prices and uncertainties over the next soybean crop contribute to lower production estimates
Shipping authorities assess the damages of last Saturday’s fire, as soybean and corn shipments may be affected
According to customs data, the country’s soybean shipments reached 2.3 million tonnes in the first two weeks of October