NEWS
South Amercia Calling
Wed Aug 20, 2014 09:56 AM CDT

High soybean export premiums have led to extremely strong shipments over the last couple of months, prompting the Brazilian industry to raise its 2014 export number once again.

This week, Abiove, Brazil's soy crusher association, raised its 2014 soybean forecast to a record 45 million metric tons (mmt), 1 mmt higher than last month's estimate and substantially higher than the 42.8 mmt registered in 2013.

Brazil shipped 37.8 mmt in the first seven months of 2014, up 19% on last year, and exports are expected to remain brisk through October when the U.S. crop becomes available.

Exporters have drawn out ...

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