According to the USDA, Nov ’21 U.S. corn export volumes rebounded seasonally to a four month high level while finishing 21.8% above previous year figures, reaching the second highest seasonal level experienced throughout the past 14 years. Nov ’21 U.S. soybean export volumes increased seasonally to a 12 month high level but finished 2.1% below previous year levels. Nov ’21 U.S. soybean export volumes remained at the third highest seasonal level on record, however.

Corn

Nov ’21 U.S. Corn Export Volumes Increased Seasonally to a Four Month High Level

Nov ’21 U.S. Corn Export Volumes Increased 25.1% MOM While Finishing 21.8% Higher YOY

Nov ’21 U.S. Corn Export Volumes Reached the Second Highest Seasonal Level in 14 Years

The Nov ’21 YOY Increase in U.S. Corn Export Volumes was the 17^th in the Past 19 Months

Mexico was the Top Destination for U.S. Corn Exports During Nov ’21

Nov ’21 U.S. Corn Exports Destined to Canada up, China Down, Most Significantly YOY

U.S. Corn Exports Destined to China Remain up Most Significantly Over the Past 12 Months

2021 YTD U.S. Corn Exports Destined to China Have Reached a Record High Annual Level

Mexico and Japan are Historically Among the Top U.S. Corn Importers

Soybeans

Nov ’21 U.S. Soybean Exports Increased Seasonally to a 12 Month High Level

Nov ’21 U.S. Soybean Export Volumes Increased 4.6% MOM but Remained 2.1% Lower YOY

Nov ’21 U.S. Soybean Exports Remained at the Third Highest Seasonal Level on Record

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

China was the Top Destination for U.S. Soybean Exports During Nov ’21

Nov ’21 U.S. Soybean Exports Destined to China Declined Most Significantly YOY

U.S. Soybean Exports to Egypt Have Declined Most Significantly Over the Past 12 Months

2021 YTD U.S. Soybean Exports Destined to China are on Pace to Finish Lower YOY

China, the EU-27+UK and Mexico are Historically Among the Top U.S. Soybean Importers