Unusual Surge In Brazil Soy Exports and Ship Lineup
Bottom Line: Last week, Brazil shipped 1.75 MMT of soybeans. That’s well above a year ago when exports were 1.2 MMT. The ship lineup has surged the last two weeks. Normally, the ship lineup declines steadily at this point in the season. Brazil’s export “commitments” are a record 55.0 MMT and up 15% from last…