U.S. Corn & Soybeans Exports Update – Nov ’21
According to the USDA, Sep ’21 U.S. corn export volumes declined to a 20 month low level, finishing 34.8% below previous year levels. Sep ’21 U.S. soybean export volumes increased seasonally to a six month high level but remained at a seven year low seasonal level for the month of September, finishing 69.9% below previous year levels.
Corn
Sep ’21 U.S. Corn Exports Declined to a 20 Month Low Level
Sep ’21 U.S. Corn Export Volumes Declined 23.5% MOM While Finishing 34.8% Lower YOY
Sep ’21 U.S. Corn Export Volumes Reached the Second Lowest Seasonal Level in Eight Years
The Sep ’21 YOY Decline in U.S. Corn Export Volumes was the Second Experienced in a Row
Mexico was the Top Destination for U.S. Corn Exports During Sep ’21
Sep ’21 U.S. Corn Exports Destined to China Down, Mexico up, Most Significantly YOY
U.S. Corn Exports Destined to China Remain up Most Significantly Over the Past 12 Months
2021 YTD U.S. Corn Exports Destined to China Have Reached a Record High Annual Level
Mexico and Japan are Historically Among the Top U.S. Corn Importers
Soybeans
Sep ’21 U.S. Soybean Exports Rebounded Seasonally to a Six Month High Level
Sep ’21 U.S. Soybean Export Volumes Increased 71.2% MOM but Remained Down 69.9% YOY
Sep ’21 U.S. Soybean Exports Declined to a Seven Year Low Seasonal Level
The Sep ’21 YOY Decline in U.S. Soybean Exports was the Seventh Experienced in a Row
China was the Top Destination for U.S. Soybean Exports During Sep ’21
Sep ’21 U.S. Soybean Exports Destined to China Declined Most Significantly YOY
U.S. Soybean Exports to China Have Remained Most Significantly Higher Over the Past 12 Mo
2021 YTD U.S. Soybean Exports Destined to China are on Pace to Reach a Three Year Low
China, the EU-27+UK and Mexico are Historically Among the Top U.S. Soybean Importers