Brazilian Soybean Export Slowdown: Navigating Price Challenges and Market Dynamics
After a robust January and February this year, surpassing the 5-year range, Brazilian soybean export flows have rapidly slowed down. Despite a healthy harvest, Brazilian farmers are hesitant to sell at prices at their lowest in 3 years. DBX estimates March and April soybean export flows at 12.1mt and 11.8mt respectively. Our real-time analytics project May to rise to 12.7mt as prices stabilize post-Russian attacks on Ukrainian ports handling soybean exports, aiding farmers looking to monetize inventories.
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