U.S. Soybean Meal & Oil Exports Update – May…
According to the USDA, Mar ’20 soybean meal export volumes declined from the 13 month high level experienced throughout the previous month but remained 13.1% higher on a YOY basis while Mar ’20 soybean oil export volumes declined from the 22 month high level experienced throughout the previous month but remained 18.0% higher on a YOY basis.
Soybean Meal
Mar ’20 U.S. Soybean Meal Exports Declined From the February 13 Month High Level
Mar ’20 U.S. Soybean Meal Export Volumes Down 10.3% MOM but up 13.1% YOY
The Philippines was the Top Destination for U.S. Bean Meal Exports During Mar ’20
Mar ’20 U.S. Bean Meal Exports Destined to the EU-28 Increased Most Significantly YOY
U.S. Bean Meal Exports Destined to the EU-28 Down, Mexico up, Over the Past 12 Months
The Philippines, Mexico and Columbia are Among the Top U.S. Bean Meal Importers
Soybean Oil
Mar ’20 U.S. Bean Oil Exports Declined From the February 22 Month High Level
Mar ’20 U.S. Bean Oil Export Volumes Down 24.3% MOM but up 18.0% YOY
South Korea was the Top Destination for U.S. Bean Oil Exports During Mar ’20
Mar ’20 U.S. Bean Oil Exports Destined to Morocco up Most Significantly YOY
U.S. Bean Oil Exports Destined to Peru Down, Morocco up, Over the Past 12 Months
South Korea, Mexico and the Dominican Republic are Among the Top U.S. Bean Oil Importers