Brazil Supply & demand 2021-2022

Domestic consumption of soybeans in Brazil for the 2021-22 season is estimated at 52.4mn t, up from 51.8mn t last season.

Soybean exports are now expected to reach 89.3mn t,down from the 90.7mn t forecast in December, but up from 85.8mn t a year earlier. Imports are projected at 500,000t.Domestic corn consumption is expected to hit 76.8mn t,
up from 72.3mn t a year earlier.

Corn exports are expectedto reach 36.7mn t. Imports are projected at 1.3mn t, up from the 900,000t forecast last month, but still down fromthe 2.7mn t imported a year earlier.