U.S. Corn & Soybeans Exports Update – Apr ’20
According to the USDA, corn export volumes increased on a YOY basis for the first time in the past 13 months during Feb ’20, finishing up 4.5%, however Feb ’20 soybean export volumes declined seasonally while finishing lower on a YOY basis for the first time in the past nine months, down 41.8%.
Corn
Feb ’20 U.S. Corn Export Volumes Increased to a Nine Month High Level
Feb ’20 U.S. Corn Export Volumes Increased 67.8% MOM and 4.5% YOY
Mexico and Japan Were the Top Destinations for U.S. Corn Exports During Feb ’20
Feb ’20 U.S. Corn Exports Destined to Columbia 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
Feb ’20 U.S. Soybean Export Volumes Declined Seasonally to a Nine Month Low Level
Feb ’20 U.S. Soybean Export Volumes Declined 44.6% MOM and 41.8% YOY
China and Mexico Were the Top Destinations for U.S. Soybean Exports During Feb ’20
Feb ’20 U.S. Soybean Exports Destined to China Declined 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