According to the USDA, soybean meal export volumes finished below previous year levels for the eighth consecutive month throughout Oct ’21, declining by 1.6% and reaching a four year low seasonal level. Oct ’21 soybean oil export volumes remained lower on a YOY basis for the ninth consecutive month, finishing 69.1% below previous year figures and reaching a 21 year low seasonal level.

Soybean Meal

Oct ’21 U.S. Soybean Meal Exports Increased Seasonally to a Six Month High Level

Oct ’21 U.S. Soybean Meal Exports Increased 32.1% MOM but Remained 1.6% Lower YOY

Oct ’21 U.S. Soybean Meal Exports Reached a Four Year Low Seasonal Level

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

Columbia was the Top Destination for U.S. Soybean Meal Exports During Oct ’21

Oct ’21 U.S. Soybean Meal Exports Destined to the Philippines Down Most Significantly YOY

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

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

Soybean Oil

Oct ’21 U.S. Soybean Oil Exports Rebounded to a Four Month High Level

Oct ’21 U.S. Soybean Oil Exports Increased 63.3% MOM but Remained 69.1% Lower YOY

Oct ’21 U.S. Soybean Oil Export Volumes Reached a 21 Year Low Seasonal Level

The Oct ’21 YOY Decline in U.S. Soybean Oil Exports was the Ninth Experienced in a Row

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

Oct ’21 U.S. Soybean Oil Exports Destined to South Korea Declined Most Significantly YOY

U.S. Soybean Oil Exports to South Korea Down Most Significantly Over the Past 12 Months

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