U.S. Corn & Soybeans Exports Update – Jan ’21
According to the USDA, corn export volumes remained higher on a YOY basis for the seventh consecutive month, finishing 54.3% above previous year levels on strong Chinese demand. Nov ’20 soybean export volumes declined slightly from the previous month’s record high level but remained 62.6% above previous year levels, reaching a record high seasonal level, also on strong Chinese demand.
Corn
Nov ’20 U.S. Corn Exports Rebounded From the Previous Month’s Nine Month Low Level
Nov ’20 U.S. Corn Export Volumes Increased 7.2% MOM and 54.3% YOY
Nov ’20 U.S. Corn Export Volumes Finished 12.6% Above Three Year Avg. Seasonal Figures
The Nov ’20 YOY Increase in U.S. Corn Export Volumes was the Seventh Experienced in a Row
China & Mexico Were the Top Destinations for U.S. Corn Exports During Nov ’20
Nov ’20 U.S. Corn Exports Destined to China Increased Most Significantly YOY
U.S. Corn Exports Destined to China up, Japan Down, Most Significantly Over the Past 12 Mo
2020 Annual U.S. Corn Exports Destined to China Have Reached a Record High Level Thru Nov
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Nov ’20 U.S. Soybean Exports Declined Slightly From the Previous Month’s Record High Level
Nov ’20 U.S. Soybean Export Volumes Declined 0.9% MOM but Remained up 62.6% YOY
Nov ’20 U.S. Soybean Exports Reached a Record High Seasonal Level
The Nov ’20 YOY Increase in U.S. Soybean Exports was the Third Experienced in a Row
China was the Top Destination for U.S. Soybean Exports During Nov ’20
Nov ’20 U.S. Soybean Exports Destined to China Increased Most Significantly YOY
U.S. Soybean Exports to China Have Increased Most Significantly Over the Past 12 Months
2020 Annual U.S. Soybean Exports Destined to China on Pace to Remain Below Record Highs
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers