Brazil's soybean exports to hit record as US out of market, Chinese demand strong

SAO PAULO (Reuters) -Brazil's soybean exports are expected to reach 102.2 million tons through end-October, surpassing annual volumes for the whole of 2024 and 2023, reflecting the absence of U.S. competitors serving Chinese importers, grain exporter group Anec data showed on Wednesday. The previous record for soy shipments from Brazil, the largest global producer and exporter, was set in 2023 at 101.3 million tons, according to Anec figures. In addition to harvesting a record soybean crop exceeding 170 million tons in 2025, Brazilian farmers are benefiting from strong demand in China, which is embroiled in a tariff war with the U.S.