Soy exports from Brazil may reach historical record

The export of soy from Brazil in March may reach a historical record for all months, if the volumes of shipments for the period between the 29th and 31st are confirmed. In the accumulated for March, soybean exports from Brazil totalled 11.5 million tons. March shipments from Brazil are expected to help alleviate a shortage of raw materials in China, the largest global importer of soybeans, after Brazilian exports in February were relatively weak.

Source: Reuters