Brazil Soybean Exports Pick Up In June While Meal Thrives
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Thanks to the Winter Olympic Games, the Spring Festival, and Chinese New Year celebrations, China Soybean imports surged in Feb 22. Thus, Brazil Soybean exports increased by 3.66 Mmt YoY in Feb 22. However, exports decreased YoY from Mar to May, decreasing by 4.44 Mmt in May. Meanwhile, Soybean Meal exports thrived, increasing monthly export volume YoY since Jan, and by as much as 559 kmt in Apr. Overall, while Brazil Soybean exports decreased by 2.9 Mmt across Q1 & Q2 22, Soybean Meal exports increased by 2.4 Mmt for the same period. In the end, what Soybean Brazil couldn’t export, it shipped as Soybean Meal.
Brazil Soybean & Soybean Meal Exports Between Jan & Jun 2022
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