Although soybean export from the country is now very active, it is not enough to lower the expected high ending stocks for the season.
According to Safras & Mercado, Brazilian farmers sold 58% of their soybeans given 76% of the 2015-2016 crop at the same time in the previous season. The sales of the 2017-2018 crop, which will end in September, amount to 4.3%, 21% a year earlier. Current soybean prices are pretty low for farmers. In the hope that the situation in the United States will get worse, they will keep sales on hold.