An update on Brazilian crop exports as China continues to cancel U.S. corn purchases

Brazilian crop exports are seeing both increases and decreases.

Soybean shipments were up to 6.5 million metric tons last week, with the average daily pace doubling from a year ago.

Pace slowed down for soy byproduct exports. Soy meal exports reached over a million metric tons, just half of the year-ago levels.

Corn shipments were up at 76,000 metric tons, but down drastically from last year’s number. U.S. producers have had a close eye on Brazilian corn as China continues to cancel corn purchases. Today the nation canceled 272,000 tons.

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