U.S. Corn & Soybeans Exports Update – Oct ’20
According to the USDA, corn export volumes remained higher on a YOY basis for the fourth consecutive month, finishing 62.5% above previous year levels but remaining below the 2018 record high seasonal level. Aug ’20 soybean export volumes increased seasonally to a seven month high level but remained 7.9% lower on a YOY basis.
Corn
Aug ’20 U.S. Corn Export Volumes Rebounded From the Previous Month’s Five Month Low
Aug ’20 U.S. Corn Export Volumes Increased 4.5% MOM and 62.5% YOY
Aug ’20 U.S. Corn Export Volumes Remained Below the 2018 Record High Seasonal Level
The Aug ’20 YOY Increase in U.S. Corn Export Volumes was the Fourth Experienced in a Row
Mexico and China Were the Top Destinations for U.S. Corn Exports During Aug ’20
Aug ’20 U.S. Corn Exports Destined to China Increased Most Significantly YOY
U.S. Corn Exports Destined to Japan Down Most Significantly Over the Past 12 Months
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Aug ’20 U.S. Soybean Export Volumes Increased Seasonally to a Seven Month High
Aug ’20 U.S. Soybean Export Volumes Increased 105.3% MOM but Remained Down 7.9% YOY
Aug ’20 U.S. Soybean Exports Remained at the Second Highest Seasonal Level on Record
The Aug ’20 YOY Decline in U.S. Soybean Exports was the Seventh Experienced in a Row
China was the Top Destination for U.S. Soybean Exports During Aug ’20
Aug ’20 U.S. Soybean Exports Destined to China Declined Most Significantly YOY
U.S. Soybean Exports to China Remain Most Significantly Higher Over the Past 12 Months
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers