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