There Has Been A Surge in Brazil’s Soybean Ship Lineup The Last Two Weeks.
Summary: Brazil shipped 1.525 MMT of soybeans last week. That’s down from the previous week’s 1.583 MMT and 1,212,000 MT smaller than a year ago. In the May WASDE, the USDA lowered their projection for Brazil’s exports by 0.5 MMT to 69.0 MMT (on a Feb-Jan marketing year) – – down 18.0% YoY). As of May 17, export…