Brazil’s Soybean Exports Winding Down; May Not Make USDA’s Projection of 69 MMT.
Summary: Brazil shipped 2.04 MMT of soybeans last week. That’s up from the previous week’s 1.40 MMT but 687,000 MMT smaller than a year ago. In the June WASDE, the USDA left their projection for Brazil’s exports unchanged at 69.0 MMT (on a Feb-Jan marketing year) – – down 18.0% YoY). As of Jul 05, export commitments…