Brazilian corn, soy export projections show a promising start for January

As Brazil eyes an export surge in January, China’s dominance persists as an importer of both corn and soybeans, raising hopes as well as concerns if the South American agriculture giant can meeting escalating demands for key crops.

As January unfolds, Brazil anticipates a potential uptick in exports, with projections from the National Association of Cereal Exporters indicating significant numbers of corn and soybeans.

The forecast suggests an estimated 3.3 million metric tons of corn and 1.3 million metric tons of soybeans to be exported in the coming weeks. This optimistic outlook follows the South American nation’s recent achievement of shipping an all-time-high volume of corn and soymeal, as revealed in data released last Friday.

Despite the positive projections, there are concerns within the industry about meeting their escalating export demands. The National Association of Cereal Exporters emphasizes the need for strategic planning to ensure a smooth export process.

China continues to play a pivotal role in Brazil’s export landscape, receiving a substantial 75 percent of Brazilian soybean exports. In fact, China has emerged as the top buyer of corn in 2023, which was significant driving factor influencing Brazil’s record-breaking export volume in the past year.

Related Stories
A market analyst with DTN says the ethanol market for corn and the renewable diesel market for soybean oil are two much-needed sources of demand but the RFS program sets minimum volume requirements for those biofuels.
Right now, the shipping backlog on the Panama Canal is up to 26 days. That is due to the water system experiencing its driest October in more than 70 years.
Exports are predicted at nearly 1.9 billion bushels, and crush is expected to take up 2.4 billion bushels, an all-time high.


Unprecedented heavy rains in California have wreaked havoc on strawberry fields and other crops, posing a threat to farm workers and potentially causing price hikes for consumers.
The Center for Biological Diversity launched a map project to reduce pesticide use near endangered species habitats. However, there are some concerns over the accuracy of the maps.
The upcoming year holds significant importance for the Climate Smart Commodities Program, as partnerships and data reporting take center stage, according to a top USDA official.
A landmark agreement aimed at salmon restoration and clean energy projects along the Snake River is facing intense scrutiny and opposition from the agricultural industry.
Livestock producers are increasingly turning their attention to grazing management as a key strategy for optimizing production.
As spring planting nears, Midwestern farmers are gearing up for a season filled with opportunities and challenges like market pressures and pest dynamics.