Brazil’s soybean exports likely to drop in May after record, as China market declines – AgRural

After a "wonderful" April, with historical shipments of 17.38 million tons, AgTal assesses that a "good" number for May would point to something between 14 million and 15 million tons in exports.

RIO DE JANEIRO, BRAZIL - Brazil's soybean exports in May are expected to pull back after posting an all-time record for all months in April, with the market slightly more supplied after large shipments from the world's largest producer and exporter, according to analysts and port scheduling data.

In addition, a more cautious China in trading -after the product's prices on the Chicago exchange reached its highest levels in about 8 years- and negative premiums against futures contracts in Brazilian ports have confirmed that "the best is behind us" for Brazil's exports this year, said AgRural . . .

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