U.S. Corn & Soybeans Exports Update – Sep ’20
According to the USDA, corn export volumes declined to a five month low level throughout Jul ’20 but remained 41.8% above previous year levels. Jul ’20 soybean export volumes rebounded slightly from the previous month’s three year low level but remained 40.0% lower on a YOY basis.
Corn
Jul ’20 U.S. Corn Export Volumes Declined to a Five Month Low Level
Jul ’20 U.S. Corn Export Volumes Declined 16.5% MOM but Remained up 41.8% YOY
Jul ’20 U.S. Corn Exports Reached the Second Lowest Seasonal Level in Seven Years
The Jul ’20 YOY Increase in U.S. Corn Export Volumes was the Third Experienced in a Row
Mexico and Japan Were the Top Destinations for U.S. Corn Exports During Jul ’20
Jul ’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
Jul ’20 U.S. Soybean Export Volumes Rebounded From the Previous Month’s Three Year Low
Jul ’20 U.S. Soybean Export Volumes Increased 19.2% MOM but Remained Down 40.0% YOY
Jul ’20 U.S. Soybean Export Volumes Declined to a Five Year Seasonal Low Level
The Jul ’20 YOY Decline in U.S. Soybean Exports was the Sixth Experienced in a Row
China and Mexico Were the Top Destinations for U.S. Soybean Exports During Jul ’20
Jul ’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