Grains and Oil Seeds Exported to Brazil In 2016

date of issue:2019-06-07     Source: Agrow
Brazil's exports of soybeans, soybean meal and corn in August 2016 are likely to be roughly halved from a year earlier, based on lines at ports, as traders focus on selling corn at home and Brazilian soybeans lose competitiveness on the international market.

Brazilian ports exported an estimated 4.87 million tons of soybeans, soybean meal and corn in August, down from 9.37 million tons a year earlier, according to the Williams Shipping Agency.

At this time of year, corn export usually takes the leading position, while soybean export is basically completed. But the instability of rainfall in the central and western regions has led to a sharp reduction in second-season corn production, restricting export potential.

The dollar has fallen about 20 percent against the real since the start of 2016, and the CBOT September corn contract has fallen about 25 percent since mid-June, making Brazil exports 2016 on corn be less attractive.

Brazil's soybean exports may also have fallen about 47% in August from a year earlier, according to shipping data. Brazil produced and exported record amounts of soybeans last year. International soya bean prices are already under significant downward pressure as a bumper us crop looms. A manager of an international trading company says some trading companies have reduced their export programs. Farmers are reluctant to sell soybeans at current prices.

Brazilian soya bean exports hit record highs in March, April and may, easing pressure on shipments at ports later in the year. Drought conditions also led to lower soybean yields than had been expected, although the losses were smaller than for corn. But most of all, the dollar's weakness against the real makes Brazilian soybeans uncompetitive on international markets.
Related News
  • Argentina Imports and Exports List

    Argentina Imports and Exports List

    May 14, 2019Argentina's main exports are corn, wheat, soybeans, grains, beef and mutton, seafood, wine, dairy products, automobile, aircraft, mineral resources are oil, natural gas, coal, iron, silver, uranium, l...view
  • Brazil Exported Oil In 2014

    Brazil Exported Oil In 2014

    May 14, 2019Brazil exports 2014 on oil should more than its imports, the head of the country's Oil, Gas and Biofuels Association Mr Magda said in Tuesday.Compared with last year, when Brazil exported far less oil...view
  • World Trade Statistics 2015

    World Trade Statistics 2015

    May 14, 2019In the first few months of 2015, a series of economic data, including quarterly GDP statistics and surveys of business sentiment, pointed to a solid recovery in the European Union, slowing output grow...view
  • Global Trade Statistics 2016

    Global Trade Statistics 2016

    March 16, 2020Global trade statistics 2016 points out that in 2016, the global economy shows signs of stabilizing.view
  • China's International Trade Data For The First Quarter Of 2017

    China's International Trade Data For The First Quarter Of 2017

    May 14, 2019According to customs statistics, in the first quarter of 2017, China's trade data international import and export totaled 6.2 trillion yuan, a year-on-year increase of 21.8%; of which exports were 3.3...view
  • Brazil Foreign Trade Statistics

    Brazil Foreign Trade Statistics

    May 14, 2019Brazilian trade surplus hit $67 billion in 2017, the highest since Brazil foreign trade statistics began in 1989, data from the ministry of industry, trade and services (multi) showed Tuesday. The tra...view
Online service