The data released by SECEX shows that the pace of Brazil's soybean exports since December has been significantly higher than the same period last year. From December 1st to 12th, Brazil's soybean exports were 1.65 million tons, compared to 2.006 million tons in December last year.
The article shows that the pace of Brazil's soybean exports is significantly higher than the same period last year, with exports reaching 1.65 million tons from December 1st to 12th, compared to only 2.006 million tons in December last year, indicating a significant increase in the current export rate. This reflects the trend of increasing supply side, which may lead to an oversupply of soybean spot supply in the international market, thereby exerting downward pressure on prices. Based on the laws of the commodity market, supply growth usually suppresses prices, so it is generally bearish.
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