Brazilian soybean exports smash records

AI Summary

Brazil exported 108.4 million tonnes of soybeans by sea during the first ten months of 2026, already surpassing its total for all of the previous year. The record is boosting dry-bulk shipping demand, particularly for panamax and supramax vessels, according to Ursa Shipbrokers.

Brazilian soybean exports have smashed all previous records, with shipments during the first ten months of 2026 already exceeding the whole of last year’s total, providing a significant boost to dry bulk shipping demand, primarily panamaxes and supramaxes. New analysis from Ursa Shipbrokers shows seaborne soybean exports reached 108.4m tonnes between January and October, an …