RIO DE JANEIRO, BRAZIL - Brazilian soybean exports are surging, after an initial slower pace due to delays in harvesting. StoneX has revised exports to 85 million tons from the previous figure of 82 million.
"The outlook is for a very favorable global demand, noting that China continues to heavily import soybeans. Furthermore, despite the recent dollar decline, the Brazilian oilseed remains competitive," explains Ana Luiza Lodi, market intelligence expert.
According to the group's May revision . . .