U.S. Corn & Soybeans Exports Update – Jul ’20
According to the USDA, corn export volumes increased to a 21 month high level throughout May ’20, finishing 20.1% above previous year levels. May ’20 soybean export volumes declined to a 35 month low level, however, finishing 20.5% lower on a YOY basis.
Corn
May ’20 U.S. Corn Export Volumes Increased to a 21 Month High Level
May ’20 U.S. Corn Export Volumes Finished up 9.1% MOM and 20.1% YOY
May ’20 U.S. Corn Export Volumes Reached the Second Highest Seasonal Level on Record
The May ’20 YOY Increase in U.S. Corn Export Volumes was the Largest in 16 Months
Japan and Mexico Were the Top Destinations for U.S. Corn Exports During May ’20
May ’20 U.S. Corn Exports Destined to South Korea 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
May ’20 U.S. Soybean Export Volumes Declined to a 35 Month Low Level
May ’20 U.S. Soybean Export Volumes Declined 12.1% MOM and 20.5% YOY
May ’20 U.S. Soybean Export Volumes Declined to a Three Year Seasonal Low Level
The May ’20 YOY Decline in U.S. Soybean Exports was the Fourth Experienced in a Row
Egypt and Mexico Were the Top Destinations for U.S. Soybean Exports During May ’20
May ’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