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Anec reduces forecast for Brazilian corn shipments in July, raises forecast for soybean meal.

Brazil's corn exports for the month were estimated on Tuesday at 4,14 million tons.

Combine harvester in a cornfield near Brasília 22/08/2023 (Photo: REUTERS/Adriano Machado)

SAO PAULO (Reuters) - Brazilian corn exports in July were estimated on Tuesday at 4,14 million tons, a reduction of just over 400 tons compared to last week's projection, according to a report by the National Association of Cereal Exporters (Anec).

Anec also slightly reduced its forecast for Brazilian soybean exports this month, now projecting 12,11 million tons shipped, compared to 12,19 million tons estimated a week ago.

Meanwhile, shipments of Brazilian soybean meal are projected at 2,4 million tons this month, up from 2,25 million tons projected the previous week.

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