Soybean imports in April were 8.48 million tons, up 111% compared to March, and up 39% year on year.
Marketing year-to-date imports are now 50.68 million tons, up 9.3% year on year.
Based on US and Brazilian shipments, I had estimated April at 8.7 million tons. For May, this should be around 12.2 million tons based on shipments from the US and Brazil.
Historically, volumes from origins outside of Brazil, US, and Argentina average 116k tons in May, so 12.2-12.3 million tons seems for May seems li...