U.S. Corn & Soybeans Exports Update – Dec ’19
According to USDA, Oct ’19 corn export volumes rebounded from the 46 month low level experienced throughout the previous month but remained significantly lower on a YOY basis for the ninth consecutive month. Oct ’19 soybean export volumes increased seasonally to a 22 month high level, however, remaining higher on a YOY basis for the fifth consecutive month.
Corn
Oct ’19 U.S. Corn Export Volumes Rebounded Slightly From the September 46 Month Low
Oct ’19 U.S. Corn Export Volumes Increased 9.9% MOM but Remained Down 59.3% YOY
Mexico was the Top Destination for U.S. Corn Exports During Oct ’19
Oct ’19 U.S. Corn Exports Destined to Japan and Mexico Declined Most Significantly YOY
U.S. Corn Exports Destined to South Korea Down Most Significantly Over the Past 12 Months
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Oct ’19 U.S. Soybean Export Volumes Increased to a 22 Month High Level
Oct ’19 U.S. Soybean Export Volumes Finished up 47.9% MOM and 8.9% YOY
China and the EU-28 Were the Top Destinations for U.S. Soybean Exports During Oct ’19
Oct ’19 U.S. Soybean Exports Destined to China Increased Most Significantly YOY
U.S. Soybean Exports Destined to China Remain Down Most Significantly Over the Past 12 Mo
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers