Brazil's January soybean exports down, corn and wheat up: Anec

Brazil’s grain exporters association Anec raised its projection for the country’s January corn and wheat exports but reduced its soybean shipment projection significantly.

January corn exports are now projected at 5.2 million mt, up from a previous forecast of 5.1 million mt.

In the same month of 2022, Brazil exported 2.2 million mt.

Typically, Brazilian soybean exports usually pick up in February, as the harvest advances and in important producing states such as Mato Grosso, the harvest is currently delayed by excess rain, which might impact availability. 

Brazil's January wheat export projection was also raised to 803,813 mt from last week’s 753,044 mt estimates.

In the first month of the past year, the country shipped 695,953 mt.

Anec reduced its forecast for January soybean exports to 1.3 million mt from last week's 2 million mt.

In the first month of 2022, the country sent 2.2 million mt of soybeans abroad.

Soymeal January export projection remained unchanged at 1.5 million mt, at the same level as January 2022.