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Soy: is the tide about to turn in Brazil?

August 14, 2023 at 9:32 AM , Der AUDITOR
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BRASÍLIA/CHICAGO. Brazil’s soybean exports are up and running but weather conditions may prove adverse for the sowing of the new crop in October. Analysts, in addition, reckon that the tide is about to turn for the country, which has witnessed a most remarkable season.

China is key

Brazil’s soybean exports generated USD 699,678 in the first week of August as data issued by the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services (Secex) shows and it seems as if things could hardly be better. CONAB, in addition, expects Brazil’s exports to reach 96 million mt in 2022/2023, which is 25% up on last year, and the National Association of Cereal Exporters (Anec) anticipates a 65.3% rise in monthly exports to 7,898 million mt for August as compared with August 2022. Issue is the bumper cro

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