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.


Cattle producers recently promoted U.S. beef on a trip to Japan and Korea with the U.S. Meat Export Federation.
After years of drought, farmers across U.S. farm country are getting so much rainfall that it’s dampening their spring planting progress later into the season.
According to USDA experts, Brazil and Argentina’s large drop in corn production has more to do with the economics of corn markets than impacts from weather.
According to the latest U.S. Drought Monitor, no part of Iowa is experiencing extreme levels of drought for the first time in nearly two years.