U.S. Corn & Soybeans Exports Update – May ’22
According to the USDA, U.S. corn export volumes rebounded seasonally to a ten month high level throughout Mar ’22 but finished 21.4% below previous year figures, declining on a YOY basis for the first time in the past six months. Corn export volumes remained at the second highest seasonal level on record, however.
Mar ’22 U.S. soybean export volumes declined seasonally to a six month low level but finished 38.7% above previous year levels, reaching a three year high seasonal level. The YOY increase in soybean export volumes was the first experienced throughout the past 13 months.
Corn
Mar ’22 U.S. Corn Export Volumes Increased Seasonally to a Ten Month High Level
Mar ’22 U.S. Corn Export Volumes Increased 1.6% MOM but Finished 21.4% Lower YOY
Mar ’22 U.S. Corn Export Volumes Remained at the Second Highest Seasonal Level on Record
The Mar ’22 YOY Decline in U.S. Corn Export Volumes was the First in the Past Six Months
China was the Top Destination for U.S. Corn Exports During Mar ’22
Mar ’22 U.S. Corn Exports Destined to South Korea Down, Canada up, Most Significantly YOY
U.S. Corn Exports Destined to China up Most Significantly Over the Past 12 Months
2021 U.S. Corn Exports Destined to China Reached a Record High Annual Level
Mexico and Japan are Historically Among the Top U.S. Corn Importers
Soybeans
Mar ’22 U.S. Soybean Exports Declined Seasonally to a Six Month Low Level
Mar ’22 U.S. Soybean Export Volumes Declined 24.1% MOM but Finished 38.7% Higher YOY
Mar ’22 U.S. Soybean Exports Reached a Three Year High Seasonal Level
The Mar ’22 YOY Increase in U.S. Soybean Exports was the First in 13 Months
China Remained the Top Destination for U.S. Soybean Exports During Mar ’22
Mar ’22 U.S. Soybean Exports Destined to China Increased Most Significantly YOY
U.S. Soybean Exports to China Have Declined Most Significantly Over the Past 12 Months
2021 U.S. Soybean Exports to China Remained at the Second Highest Level in Four Years
China, the EU-27+UK and Mexico are Historically Among the Top U.S. Soybean Importers
