Data released by ANEC shows Brazil totally exported 82.8 million ton soybeans in 2018, which is a new high record in its history. On the one hand, the soybeans were harvested in large areas in Brazil, and nationwide yield reached 120 million ton in 2018; on the other hand, due to Sino-US trade friction, China purchased more from Latin American markets, especially from Brazil to meet domestic soybean demands. ANEC believes that the China-oriented export of Brazil soybeans increased 10 million ton because of those factors.

ANEC predicts that the soybean export may decline in 2019 because firstly the soybean yield may drop due to climate factors and secondly the Sino-US trade friction may be solved and international soybean market may be recovered. The total export volume of Brazil soybeans is expected to drop to 73 million ton, 12% lower on year on year basis.