According to the USDA, Aug ’21 U.S. corn export volumes declined to a 19 month low level, finishing 23.3% below previous year levels. The YOY decline in corn export volumes was the first experienced throughout the past 16 months. Aug ’21 U.S. soybean export volumes rebounded from the five year low level experienced throughout the previous month but remained at a six year low seasonal level for the month of August, finishing 71.8% below previous year levels.

Corn

Aug ’21 U.S. Corn Exports Declined to a 19 Month Low Level

Aug ’21 U.S. Corn Export Volumes Declined 37.1% MOM While Finishing 23.3% Lower YOY

Aug ’21 U.S. Corn Export Volumes Reached the Second Lowest Seasonal Level in Eight Years

The Aug ’21 YOY Decline in U.S. Corn Export Volumes was the First in the Past 16 Months

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

Aug ’21 U.S. Corn Exports Destined to Columbia Down, Mexico up, Most Significantly YOY

U.S. Corn Exports Destined to China 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

Aug ’21 U.S. Soybean Exports Rebounded From the Previous Month’s Five Year Low Level

Aug ’21 U.S. Soybean Export Volumes Increased 38.4% MOM but Remained Down 71.8% YOY

Aug ’21 U.S. Soybean Exports Declined to a Six Year Low Seasonal Level

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

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

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

U.S. Soybean Exports to China Have Remained Most Significantly Higher Over the Past 12 Mo

2021 YTD U.S. Soybean Exports Destined to China are on Pace to Reach a Three Year Low

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