## Company Profile PIBERNAT LOGISTICA LTDA — freight forwarder based in Brazil (website: http://www.pibernat.com.br/). Public profile details and scale are limited from open sources. As a Brazil-based freight forwarder the company likely provides international ocean/air freight forwarding, customs clearance, inland haulage coordination and cargo consolidation for exporters and importers. Given market context and the company category, Pibernat is positioned to serve Brazil’s agribusiness exporters (soy, corn, coffee, sugar, beef) that move cargo through major export hubs (Santos, Paranaguá, Northern Arc). No confirmed public data on company turnover, fleet or exact product verticals was found in the search results. ## Pain Points 1) Peak-season port congestion (Santos/Paranaguá) causing vessel waiting times, demurrage and rolled bookings for Pibernat’s agribusiness clients — increasing costs and risking buyer relationships. 2) Container shortages and yard overcrowding for containerized high‑value cargo (coffee, packaged sugar, refrigerated goods) leading to missed shipments and lost revenue windows (Q1–Q2 2026 evidence). 3) Margin pressure from record Brazil crop supplies (soy/corn) and compressed international prices — clients need to lower logistics/fulfilment friction and access reliable buyer channels to protect margins. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET EVENTS] – Brazil export trends 2026 (soy, corn, beef, coffee, sugar, containerized shipments, port congestion) === • Overall ag export momentum • Brazil remains the world’s largest exporter of soybeans, beef, sugar and coffee, with continued growth in grain flows through Santos, Paranaguá and the Northern Arc ports.(https://en.wikipedia.org/wiki/Agribusiness_of_Brazil?utm_source=openai) • In 1H 2025 Brazil exported 64.9 MMT of soybeans (+22 MMT vs prior year), with about 41% shipped via Santos, showing how concentrated grain flows are through this complex heading into 2026.(https://www.ams.usda.gov/sites/default/files/media/Brazil_Quarter2_2025.pdf?utm_source=openai) • Soybean export trends 2026 • Conab/USDA outlooks indicate Brazil’s soybean exports in MY 2025/26 are projected at a record ~115 MMT, supported by a record 180 MMT crop and strong crush (61.5 MMT).(https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai) • Recent Brazilian analysis (April 2026) notes “record supply materialising” with exportable surpluses keeping international prices compressed around USD 11–12/bu in 2025–26.(https://www.proterrafoundation.org/wp-content/uploads/2026/04/Non-GMO-Soybean-Update-Brazil-Outlook-and-Emerging-Market-Dynamics.pdf?utm_source=openai) • Conab (March 30, 2026) reports Santos alone accounted for 36.8% of soybean and 33.5% of corn exports in the latest season, underscoring Santos’ critical role at the start of 2026.(https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai) • Corn export trends 2026 • A specialist 2026 report on Brazil’s “safrinha” (second) corn crop highlights Paranaguá as Brazil’s single most important port for corn exports; the Paraná port system moved >55 MMT total cargo in 2025 (+6.2% y/y), and corn export growth is expected to continue in 2026 on the back of a large safrinha crop.(https://k2-capital.co/wp-content/uploads/2026/03/K2Capital_Brazil_Safrinha_Corn_Report.pdf?utm_source=openai) • SSY’s 2026 Brazilian logistics note forecasts Brazilian soy (beans + meal) exports up 6.2% in 2026 vs 2025 and points to robust grain flows through both Santos and Paranaguá.(https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai) • Coffee export trends & containerization • Cecafé data reported in April 2026 show Brazil’s coffee exports fell 21% in Q1 2026 vs Q1 2025; export revenue dropped 13.6% to USD 3.37 bn.(https://www.foodbusinessmea.com/brazil-coffee-exports-drop-21-in-q1-2026-as-supply-constraints-and-tariffs-weigh-on-shipments/?utm_source=openai) • Cecafé and Porto Livre Brasil blame “bottlenecks in port infrastructure,” especially at Santos, citing: – inadequate capacity for containerized cargo – recurring ship delays and terminal yard overcrowding – inability of terminals to receive new coffee containers at peak times.(https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai) • Cecafé stresses that coffee and other high‑value agribusiness exports (soy, beef, pulp, sugar, cotton, orange juice) face competitiveness risks from these logistics constraints despite strong production fundamentals.(https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai) • Sugar export trends 2026 • The Port of Santos handled a record 12.7 MMT of cargo in January 2026; sugar and soybeans were highlighted as the main drivers of this record month, signaling strong early‑year sugar shipments.(https://brazilstockguide.com/insights/santos-port-record-january-cargo-2026/?utm_source=openai) • Paranaguá is the second‑largest Brazilian port for sugar exports and maintains a high share of dry bulk cargos (44% of its dry bulk vessel calls are agricultural vs 25–30% in Santos), underlining its role in sugar and grain exports in 2024–26.(https://content.ballastmarkets.com/ports/paranagua/?utm_source=openai) • Beef export pulse 2026 (high‑level) • Recent general agribusiness overviews continue to show Brazil as the world’s largest beef exporter, though 2024–25 flows to China were periodically disrupted by BSE‑related sanitary bans; 2026 commentary is more focused on grains and coffee, but beef remains a top value export line.(https://en.wikipedia.org/wiki/Agribusiness_of_Brazil?utm_source=openai) • Container vs bulk and port congestion (Santos, Paranaguá, Northern Arc) • Santos congestion: a 2026 congestion guide notes that during the February–May “soy rush” up to 80% of shared inland rail capacity is allocated to grains, relegating sugar and some containerized cargos to secondary priority and increasing vessel waiting times by up to 300% vs base levels.(https://veritydeal.com/santos-port-congestion-guide-2026/?utm_source=openai) • Cecafé (Jan 2026) warns that lack of container capacity and planning at Santos is increasing the so‑called “Brazil Cost”, with high ship delays and overcrowded yards, and that these issues generate “millions in losses” for coffee exporters.(https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai) • SSY (early 2026) reports that turnaround times at Paranaguá have been “consistently above” the Brazilian average for grain loading, despite continued investment and throughput growth, indicating a structurally tight system even outside Santos.(https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai) • Northern Arc: consultancies and media highlight Northern Arc river ports (e.g., Santarém) as increasingly critical outlets for soy; truck queues and temporary disruptions there during the 2026 harvest underscore that congestion risk is spreading beyond Santos/Paranaguá as volumes rise.(https://www.brazilintl.com/brazil-ports.html?utm_source=openai) [Sources for this section: Conab; USDA ERS; SSY; Cecafé; Porto Livre Brasil; K2 Capital; Ballast Markets; Brazil Stock Guide; BrazilIntl; ICO; Rio Times; other market commentary.](https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai) === 2. [COMMODITY TRENDS] – Soybean, corn, coffee, sugar (Brazil 2026 export volumes, prices, logistics/demand impact) === • Soybeans – volumes & price levels • USDA/ERS: Brazil’s soybean exports for MY 2025/26 (roughly Feb 2025–Jan 2026 or equivalent marketing year) are forecast at a record 115 MMT; crush is forecast at 61.5 MMT, supported by a record 180 MMT crop.(https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai) • Non‑GMO and mainstream soybean outlooks from April 2026 describe “record supply” and “stock accumulation” outpacing demand growth, producing sustained price compression with international benchmark prices around USD 11–12/bu through 2025–26.(https://www.proterrafoundation.org/wp-content/uploads/2026/04/Non-GMO-Soybean-Update-Brazil-Outlook-and-Emerging-Market-Dynamics.pdf?utm_source=openai) • Freight‑linked analysis from Conab (March 2026) emphasizes that as export volumes grow, trucking and rail freight indices for soy are rising, eroding some on‑farm margins even as nominal export prices stay historically moderate.(https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai) • Corn – volumes & logistics • Safrinha corn: K2 Capital’s March 2026 report on Brazil’s safrinha corn notes that Paraná and Mato Grosso outputs keep Brazil among the world’s top corn exporters, with Paranaguá as “the primary exit” for corn exports; Paraná port system throughput was >55 MMT in 2025 (+6.2% y/y), with corn a leading growth driver.(https://k2-capital.co/wp-content/uploads/2026/03/K2Capital_Brazil_Safrinha_Corn_Report.pdf?utm_source=openai) • SSY forecasts Brazilian soy (beans + meal) exports up 6.2% in 2026 vs 2025, and similar strength in corn shipments as grain export capacity is expanded. However, turnaround times at Paranaguá remain above the national average, signaling that logistics, not crop size, may be the limiting factor.(https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai) • Coffee – record harvest expectations vs current exports • Conab projects Brazil’s 2026/27 coffee harvest at ~66.2 million 60‑kg bags, +17.1% vs 2025/26 and above the previous record 63.1 million (2020/21).(https://www.riotimesonline.com/brazil-coffee-2026-value-trap-record-harvest-explainer/?utm_source=openai) • ICO (Feb 2026) reports its composite indicator price averaging 267.57 USc/lb in February 2026 (‑9.9% m/m) amid an improved supply outlook and expectations of a global surplus for coffee year 2025/26, driven largely by Brazil.(https://www.ico.org/documents/cy2025-26/cmr-0226-e.pdf?utm_source=openai) • Yet Cecafé data show Q1 2026 coffee exports ‑21% y/y in volume and ‑13.6% in revenue, due to: – delays ahead of the main 2026 harvest – port logistics issues and container bottlenecks – trade policy/tariff headwinds in some destinations.(https://www.foodbusinessmea.com/brazil-coffee-exports-drop-21-in-q1-2026-as-supply-constraints-and-tariffs-weigh-on-shipments/?utm_source=openai) • This creates what Rio Times calls a “value trap": record crop expectations and softer futures prices, but tight nearby physical availability due to logistics and farmer selling behavior (many growers well‑capitalized after USD 16.1 bn of export revenues in 2025 and willing to hold beans).(https://www.riotimesonline.com/brazil-coffee-2026-value-trap-record-harvest-explainer/?utm_source=openai) • Sugar – export and price context • Brazil remains the world’s largest sugar exporter; 2026 commentary at port level shows strong sugar flows early in the year: – Santos moved a record 12.7 MMT of cargo in January 2026, with sugar and soybeans highlighted as key contributors. – Paranaguá is the second‑largest Brazilian port for sugar exports and is structurally a bulk port with 44% of its dry bulk vessel calls carrying agricultural cargoes (vs 25–30% at Santos), underscoring its central role in sugar and grain exports in 2024–26. • Global sugar prices remain influenced by weather in Center‑South Brazil and India’s export policy, but current port‑throughput data for early 2026 signal strong Brazilian export availability, which generally weighs on prices versus recent highs (inference based on high export volumes and stable logistics capacity).(https://content.ballastmarkets.com/ports/paranagua/?utm_source=openai) • Cross‑commodity logistics & demand impact • Port capacity: Brazil invested only about 2.2% of GDP in infrastructure in 2024, a level critics say is inadequate for fast‑growing export volumes; by 2025 nearly half (≈48.9%) of Brazil’s exports by value moved through ports highlighted as bottlenecked (Santos and others).(https://www.olgn.org/wp-content/uploads/2025/05/Seatrade-Supply-chain-warning-over-Brazilian-port-bottlenecks.pdf?utm_source=openai) • Modality and port mix: Northern Arc ports have surpassed Santos in grain exports for the first time, reflecting a structural shift in flows as soy and corn move north by truck/rail and then barge/handysize to export markets, which helps relieve but does not eliminate congestion at Santos and Paranaguá.(https://www.brazilintl.com/brazil-ports.html?utm_source=openai) • Demand implications: – For soy and corn, Brazil’s record surpluses and competitive freight costs reinforce its role as price‑setter in global markets; buyers are increasingly timing purchases around Brazil’s harvest and logistics windows. – For coffee, despite record harvest expectations, short‑term export constraints and currency swings (a stronger real making Brazilian coffee more expensive in USD terms) could shift some incremental demand to other origins in 2026 if Brazil’s logistics premium persists into H2 2026.(https://www.riotimesonline.com/brazil-coffee-2026-value-trap-record-harvest-explainer/?utm_source=openai) [Sources for this section: USDA ERS; Conab; ICO; SSY; K2 Capital; Ballast Markets; Brazil Stock Guide; BrazilIntl; Rio Times; infrastructure and trade‑flow reports.](https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai) === 3. [TIMING SIGNALS] – Freight rates & container shipping (Brazil 2026 Q1–Q2, Santos/Paranaguá, capacity, congestion, spot rates) === • Global container freight rate backdrop Q1 2026 • A Q1 2026 freight review notes that global container freight rates had “largely stabilized” by end‑Q1 2026 after earlier volatility; shippers are increasingly using longer‑term contracts to lock capacity and reduce exposure to spot markets.(https://ports.marinelink.com/ports/port/chicago/news/q1-2026-global-freight-rates-stabilize-amid-supply-demand-balance-shifts?utm_source=openai) • S&P Global’s 2026 ocean freight outlook (Feb 2026) points to “softer rates ahead” under a base case of easing disruptions, but warns that port congestion and geopolitical risks (e.g., Middle East routing) could keep effective capacity tight and maintain a volatility premium.(https://spglobal.com) • Brazil‑specific congestion timing signals (Santos & Paranaguá) • Santos “Soy Rush” pattern: a 2026 Santos congestion guide details that from February to May (peak soy shipment window), grain exports can use up to 80% of shared rail capacity feeding the port; this pushes sugar and some containerized cargoes into secondary priority and can increase vessel waiting times by as much as 300% relative to non‑peak periods.(https://veritydeal.com/santos-port-congestion-guide-2026/?utm_source=openai) • Cecafé (Jan 2026) reports that recurring ship delays, insufficient container capacity, and poor planning at Santos create yard overcrowding and prevent terminals from receiving new coffee containers during peak windows — effectively forcing some shippers to delay or reroute Q1–Q2 2026 coffee exports.(https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai) • SSY finds that Paranaguá’s vessel turnaround times have been “consistently above” the Brazilian average for grain loading, indicating persistent queuing pressure even outside the absolute peak in Santos.(https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai) • Port capacity & infrastructure – structural signals • Brazil’s low infrastructure investment (2.2% of GDP in 2024) and the fact that nearly half (~48.9%) of Brazil’s exports by value move through constrained port systems are flagged in early‑2026 supply‑chain analyses as a continuing source of bottlenecks and demurrage risk, especially during Q1–Q2 harvest peaks.(https://www.olgn.org/wp-content/uploads/2025/05/Seatrade-Supply-chain-warning-over-Brazilian-port-bottlenecks.pdf?utm_source=openai) • At the same time, new capacity additions are coming onstream: Southern ports are expanding grain/sugar/meal terminals with more automation and rail integration (e.g., Santos expansion to 14–14.5 MMT grains + sugar + meal handling capacity), but these projects mainly impact medium‑term capacity beyond the immediate 2026 Q1 peak.(https://www.ams.usda.gov/sites/default/files/media/Brazil_Quarter2_2025.pdf?utm_source=openai) • Container spot‑rate behavior (directional, not Brazil‑only) • Global indices (via freight market commentary) show container spot rates trending sideways to slightly softer into late Q1 2026 as capacity gradually adjusts and demand remains moderate; carriers are resisting a “rate war” and often holding the line at floors on key East‑West trades, preferring to manage capacity.(https://ports.marinelink.com/ports/port/chicago/news/q1-2026-global-freight-rates-stabilize-amid-supply-demand-balance-shifts?utm_source=openai) • While specific numeric spot rates for Brazil‑outbound lanes (e.g., Santos to Asia/Europe) are typically behind paywalls, the combination of: – stabilized global benchmarks – Brazil‑specific congestion premiums in Q1–Q2 2026 suggests that Brazil‑origin spot rates are likely trading at a modest premium to global averages during peak soy/coffee windows, especially for containerized coffee and refrigerated/high‑value cargo. (This is an inference from congestion + global rate trends rather than a published lane‑level quote.)(https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai) • Timing implications for shippers (Q1–Q2 2026) • For bulk soy/corn: strongest congestion and demurrage risk in Santos/Paranaguá is concentrated Feb–May; charterers with flexible laycans benefit from avoiding the tightest windows or using Northern Arc ports when feasible.(https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai) • For containerized coffee and sugar: Q1 2026 already saw a 21% drop in coffee export volumes vs 2025, linked partly to port and container issues; exporters relying on Santos for Q2 shipments face elevated risk of rolled bookings and may need to diversify routings or secure space via longer‑term contracts.(https://www.foodbusinessmea.com/brazil-coffee-exports-drop-21-in-q1-2026-as-supply-constraints-and-tariffs-weigh-on-shipments/?utm_source=openai) • For freight procurement: 2026 analyses recommend mixing fixed‑rate contracts (to secure base capacity and hedge against congestion spikes) with some controlled spot exposure to capture any rate softening if global disruptions ease in H2 2026.(https://ports.marinelink.com/ports/port/chicago/news/q1-2026-global-freight-rates-stabilize-amid-supply-demand-balance-shifts?utm_source=openai) [Sources for this section: global freight outlooks and indices; Santos congestion and demurrage analysis; SSY Brazilian logistics note; Cecafé/Porto Livre; USDA‑linked infrastructure reports; port capacity and investment studies.](https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai) Sources: • Agribusiness of Brazil https://en.wikipedia.org/wiki/Agribusiness_of_Brazil?utm_source=openai • Brazil Soybean Transportation https://www.ams.usda.gov/sites/default/files/media/Brazil_Quarter2_2025.pdf?utm_source=openai • Soybeans and Oil Crops - Market Outlook | Economic Research Service https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai • Brazil Soybean Outlook: Record Supply Materialising https://www.proterrafoundation.org/wp-content/uploads/2026/04/Non-GMO-Soybean-Update-Brazil-Outlook-and-Emerging-Market-Dynamics.pdf?utm_source=openai • Crescimento das exportações de soja é acompanhado pelo aumento de fretes — Companhia Nacional de Abastecimento https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai • K2 CAPITAL | COMMODITY RESEARCH https://k2-capital.co/wp-content/uploads/2026/03/K2Capital_Brazil_Safrinha_Corn_Report.pdf?utm_source=openai • Brazilian Port Logistics – News – SSY https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai • Brazil coffee exports drop 21% in Q1 2026 as supply constraints and tariffs weigh on shipments | Food Business Middle East & Africa - No.1 Food & Beverage Formulation, Processing & Packaging Publication https://www.foodbusinessmea.com/brazil-coffee-exports-drop-21-in-q1-2026-as-supply-constraints-and-tariffs-weigh-on-shipments/?utm_source=openai • Cecafé: Bottlenecks in port infrastructure are responsible for millions in losses and threaten the competitiveness of agribusiness - Porto Livre Br https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai • Cecafé: Bottlenecks in port infrastructure are responsible for millions in losses and threaten the competitiveness of agribusiness - Porto Livre Br https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai • Santos Port hits record january cargo volume - Brazil Stock Guide https://brazilstockguide.com/insights/santos-port-record-january-cargo-2026/?utm_source=openai • Port of Paranaguá: Trade Brazil's Soybean Export Gateway https://content.ballastmarkets.com/ports/paranagua/?utm_source=openai • Port of Paranaguá: Trade Brazil's Soybean Export Gateway https://content.ballastmarkets.com/ports/paranagua/?utm_source=openai • Supply chain warning over Brazilian port bottlenecks https://www.olgn.org/wp-content/uploads/2025/05/Seatrade-Supply-chain-warning-over-Brazilian-port-bottlenecks.pdf?utm_source=openai • Brazil Ports - ag export - Kory Melby BR Ag Consultant https://www.brazilintl.com/brazil-ports.html?utm_source=openai • Crescimento das exportações de soja é acompanhado pelo aumento de fretes — Companhia Nacional de Abastecimento https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai • Soybeans and Oil Crops - Market Outlook | Economic Research Service https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai • Brazil Soybean Outlook: Record Supply Materialising https://www.proterrafoundation.org/wp-content/uploads/2026/04/Non-GMO-Soybean-Update-Brazil-Outlook-and-Emerging-Market-Dynamics.pdf?utm_source=openai • Crescimento das exportações de soja é acompanhado pelo aumento de fretes — Companhia Nacional de Abastecimento https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai • K2 CAPITAL | COMMODITY RESEARCH https://k2-capital.co/wp-content/uploads/2026/03/K2Capital_Brazil_Safrinha_Corn_Report.pdf?utm_source=openai • Brazilian Port Logistics – News – SSY https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai • Soybeans and Oil Crops - Market Outlook | Economic Research Service https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai • Brazil Coffee 2026: Value Trap or Record Harvest? https://www.riotimesonline.com/brazil-coffee-2026-value-trap-record-harvest-explainer/?utm_source=openai • Improved supply outlook weighing down on https://www.ico.org/documents/cy2025-26/cmr-0226-e.pdf?utm_source=openai • Brazil coffee exports drop 21% in Q1 2026 as supply constraints and tariffs weigh on shipments | Food Business Middle East & Africa - No.1 Food & Beverage Formulation, Processing & Packaging Publication https://www.foodbusinessmea.com/brazil-coffee-exports-drop-21-in-q1-2026-as-supply-constraints-and-tariffs-weigh-on-shipments/?utm_source=openai • Brazil Coffee 2026: Value Trap or Record Harvest? https://www.riotimesonline.com/brazil-coffee-2026-value-trap-record-harvest-explainer/?utm_source=openai • Q1 2026 Global Freight Rates Stabilize Amid Supply-Demand Balance Shifts - Ports Directory https://ports.marinelink.com/ports/port/chicago/news/q1-2026-global-freight-rates-stabilize-amid-supply-demand-balance-shifts?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://spglobal.com • Santos Port Congestion Guide 2026: Laycan & Demurrage Strategy https://veritydeal.com/santos-port-congestion-guide-2026/?utm_source=openai • Cecafé: Bottlenecks in port infrastructure are responsible for millions in losses and threaten the competitiveness of agribusiness - Porto Livre Br https://www.portolivrebrasil.com.br/en/news/Cecafe%3A-Bottlenecks-in-port-infrastructure-are-responsible-for-millions-in-losses-and-threaten-the-competitiveness-of-agribusiness./?utm_source=openai • Brazilian Port Logistics – News – SSY https://www.ssyglobal.com/news/research/brazilian-port-logistics?utm_source=openai • Supply chain warning over Brazilian port bottlenecks https://www.olgn.org/wp-content/uploads/2025/05/Seatrade-Supply-chain-warning-over-Brazilian-port-bottlenecks.pdf?utm_source=openai • Brazil Ports - ag export - Kory Melby BR Ag Consultant https://www.brazilintl.com/brazil-ports.html?utm_source=openai • Crescimento das exportações de soja é acompanhado pelo aumento de fretes — Companhia Nacional de Abastecimento https://www.gov.br/conab/pt-br/crescimento-das-exportacoes-de-soja-e-acompanhado-pelo-aumento-de-fretes?utm_source=openai)