ANEC Raises Brazil's Soybean Export Forecast for June to 14.88 Million Tons

Brazil's soybean exports in June have been estimated at 14.88 million tons, showing a significant increase from previous projections. According to data released by the National Association of Grain Exporters (ANEC) on Tuesday, the new forecast represents an increase of approximately 1 million tons compared to last week's estimate.

If confirmed, this projection indicates a rise of about 1 million tons compared to June of last year. Additionally, the forecasted export volume for June is 1.5 million tons higher than in May of this year, demonstrating a robust upward trend in Brazilian soybean exports.

This increase in exports reflects the strong global demand for Brazilian soybeans and the country's ability to meet this growing market. The revised forecast underscores Brazil's importance as one of the world's leading soybean suppliers, significantly contributing to the global trade of agricultural commodities.