U.S. Corn & Soybeans Exports Update – Feb ’20
According to USDA, Dec ’19 corn export volumes remained significantly lower on a YOY basis for the 11th consecutive month, finishing down 42.0%, however Dec ’19 soybean export volumes declined seasonally but remained higher on a YOY basis for the seventh consecutive month, finishing up 38.8%, as Chinese import volumes continued to rebound.
Corn
Dec ’19 U.S. Corn Export Volumes Declined Slightly From the Previous Month
Dec ’19 U.S. Corn Export Volumes Declined 1.9% MOM and 42.0% YOY
Mexico was the Top Destination for U.S. Corn Exports During Dec ’19
Dec ’19 U.S. Corn Exports Destined to Japan and South Korea 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
Dec ’19 U.S. Soybean Export Volumes Declined Seasonally From the Previous Month
Dec ’19 U.S. Soybean Export Volumes Declined 23.0% MOM but Remained up 38.8% YOY
China was the Top Destination for U.S. Soybean Exports During Dec ’19
Dec ’19 U.S. Soybean Exports Destined to China Increased Most Significantly YOY
U.S. Soybean Exports Destined to China Increased Most Significantly Over the Past 12 Mo
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers