Snapshot on Brazilian Soybeans

Brazilian soybean exports over the  Feb 01-April 30, 2017 period were ahead of the levels seen on the previous season. This was down to a stronger soybean crop in 2016-17, which increased significantly the availability of soybeans for export.

Brazilian Soybean Export Surplus as of May 01 (2017-18 MY Vs 2016-17 MY)

BR BEANS SURPLUS MAY O1Source: Brazilian Ministry of Foreign Trade/AgFlow/Own Estimates

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Brazilian Soybean S&D Table

BRAZIL BEANS SD 12 APRILSource: IGC, USDA/Conab/Own Estimates

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Customs data suggests a drop in Brazilian exports to China over the Feb 2016 -Jan 2017 MY period. Conversely, Brazil increased sales of soybeans to Iran and Russia over the same time span.

Top Brazilian Soybean Export Destinations. 2015-16/2016-17/2017-18  MY

BRZ 2Source: Brazilian Ministry of Foreign Trade/AgFlow

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