Brazil soy exports jump 64pc in Nov

SAO PAULO, Dec 5 (Reuters): Brazil's soybean exports jumped 64 per cent in November from a year ago to 4.2 million metric tons, the government said on Thursday, with good local supply allowing elevated shipments before the world's largest importer China shifts to United States' beans.

Brazil soy exports normally fall towards the end of the year as the country approaches the new harvest late on January or early February, but a record crop in 2025 means there are still enough supplies to keep foreign sales going, grain exports lobby Anec said on Thursday.

Anec projects December shipments to also increase sharply, around 90 per cent, to 2.8 million tons. The industry group sees total Brazilian soy exports at 110 million tons in 2025 from 97.3 million tons in 2024.

China bought several vessels of soybeans from the US recently, with loadings expected already in December. The Chinese buying is part of its trade deal with the US

Brazilian corn exports, however, are expected to fall short of expectations, Anec said.