U.S. Soybean Meal & Oil Exports Update – Aug…
According to the USDA, Jun ’20 soybean meal export volumes increased on a YOY basis for the fourth time in the past five months, finishing up 43.2% and reaching the second highest seasonal level on record. Jun ’20 soybean oil export volumes finished higher on a YOY basis for the fifth consecutive month, increasing by 75.7% and reaching the second highest seasonal level experienced throughout the past 12 years.
Soybean Meal
Jun ’20 U.S. Soybean Meal Exports Rebounded From the Previous Month
Jun ’20 U.S. Soybean Meal Export Volumes Increased 11.5% MOM and 43.2% YOY
Jun ’20 U.S. Soybean Meal Exports Reached the Second Highest Seasonal Level on Record
The Jun ’20 YOY Increase in U.S. Soybean Meal Exports was the Largest in 21 Months
The Philippines was the Top Destination for U.S. Soybean Meal Exports During Jun ’20
Jun ’20 U.S. Soybean Meal Exports Destined to Libya up Most Significantly YOY
U.S. Soybean Meal Exports Destined to the EU-28 & Vietnam Down Over the Past 12 Months
The Philippines, Mexico and Columbia are Among the Top U.S. Soybean Meal Importers
Soybean Oil
Jun ’20 U.S. Soybean Oil Exports Declined Seasonally to a Five Month Low Level
Jun ’20 U.S. Soybean Oil Export Volumes Declined 51.6% MOM but Remained up 75.7% YOY
Jun ’20 U.S. Soybean Oil Exports Reached the Second Highest Seasonal Level in 12 Years
The Jun ’20 YOY Increase in U.S. Soybean Oil Exports was the Fifth Experienced in a Row
South Korea was the Top Destination for U.S. Soybean Oil Exports During Jun ’20
Jun ’20 U.S. Soybean Oil Exports Destined to South Korea up Most Significantly YOY
U.S. Soybean Oil Exports Destined to South Korea up Most Significantly Over the Past 12 Mo
South Korea, Mexico and the Dominican Republic are Among the Top U.S. Bean Oil Importers