According to the USDA, soybean meal export volumes declined on a YOY basis for the second consecutive month throughout Mar ’21, finishing down 2.4% but remaining slightly above three year average seasonal levels. Mar ’21 soybean oil export volumes declined on a YOY basis for the fourth time in the past six months, finishing down 51.4% and reaching an eight year low seasonal level.

Soybean Meal

Mar ’21 U.S. Soybean Meal Exports Declined to a Five Month Low Level

Mar ’21 U.S. Soybean Meal Export Volumes Declined 10.9% MOM and 2.4% YOY

Mar ’21 U.S. Soybean Meal Exports Remained 1.5% Above Three Year Avg. Seasonal Levels

The Mar ’21 YOY Decline in U.S. Soybean Meal Exports was the Second Experienced in a Row

Mexico was the Top Destination for U.S. Soybean Meal Exports During Mar ’21

Mar ’21 U.S. Soybean Meal Exports Destined to the EU-27+UK Down Most Significantly YOY

U.S. Soybean Meal Exports Destined to the Philippines up Over the Past 12 Months

The Philippines, Mexico and Columbia are Among the Top U.S. Soybean Meal Importers

Soybean Oil

Mar ’21 U.S. Soybean Oil Export Volumes Declined to a 14 Month Low Level

Mar ’21 U.S. Soybean Oil Export Volumes Declined 45.0% MOM and 51.4% YOY

Mar ’21 U.S. Soybean Oil Export Volumes Declined to an Eight Year Low Seasonal Level

The Mar ’21 YOY Decline in U.S. Soybean Oil Exports was the Fourth in the Past Six Months

Guatemala was the Top Destination for U.S. Soybean Oil Exports During Mar ’21

Mar ’21 U.S. Soybean Oil Exports Destined to South Korea Down Most Significantly YOY

U.S. Soybean Oil Exports Destined to Venezuela up Most Significantly Over the Past 12 Mo

South Korea, Mexico and the Dominican Republic are Among the Top U.S. Bean Oil Importers