Brazil’s soybean shipments climbed sharply in November, with exports jumping 64% from a year earlier to reach 4.2 million metric tons, government data showed, driven by ample local supplies and strong global demand ahead of a potential shift in China’s purchasing patterns.
Typically, Brazil’s soy exports taper off late in the year as the country nears its new harvest, which usually begins in late January or early February. However, a record crop in 2025 has allowed exporters to maintain elevated shipment levels well into the season, according to the country’s grain exporters’ association ANEC.
ANEC also forecast another sharp increase in December exports, projecting they could rise about 90% to 2.8 million tons, and sees total Brazilian soybean exports reaching around 110 million tons in 2025, up from 97.3 million tons the previous year.
Market watchers say the robust November export figures come as China the world’s largest soybean buyer begins to shift some of its purchases toward U.S. supplies following high-level trade discussions, even as Brazilian soy remains competitively priced and plentiful.
The strong export performance underscores Brazil’s dominant role in the global soybean market this year, as it continues to supply key buyers ahead of the South American harvest while demand patterns evolve with China’s renewed interest in U.S. beans.
