Brazil’s January Soybean Exports Could Be 2.88 MMT Vs 0.84 MMT Last Year.
Summary: Brazil shipped 615,000 MT of soybeans this past week (Jan 19). That was up 129,000 MT from the previous week. US soybean exports are were 1.161 MMT. However, NO soybeans were shipped from Argentina. The lineup indicates that Brazil’s January shipments “could” be 2.88 MMT. Total Brazilian export commitments are 104.9 MMT, exceeding USDA’s projection…