Create a free Feed & Grain account to continue reading

Brazil's Soybean Exports Spike in February

Chinese crushers still prefer more price competitive Brazilian beans over US origin

File Photo
File Photo

Brazil, the world’s largest soy producer and supplier, shipped 3.55 million mt of soybeans in the first three weeks of February, up 367% month on month, according to a report from the Brazilian foreign trade department.

Hellenic Shipping News reports that despite the US-China Phase 1 trade deal, signed on January 15, the Chinese crushers still prefer the more price competitive Brazilian beans over the US-origin, market sources said.

Brazil could export 9 million mt of soybeans in February, up 80% year on year, on good harvest pace and currency depreciation.

Page 1 of 352
Next Page