U.S. Soybean Meal & Oil Exports Update – Nov…
According to USDA, soybean meal export volumes remained lower on a YOY basis for the sixth consecutive month throughout Sep ’19 while soybean oil export volumes declined to a five year low level, also finishing lower on a YOY basis for the sixth consecutive month.
Soybean Meal
Sep ’19 U.S. Soybean Meal Export Volumes Declined Slightly From the Previous Month
Sep ’19 U.S. Soybean Meal Export Volumes Declined 3.1% MOM and 6.4% YOY
The Philippines was the Top Destination for U.S. Bean Meal Exports During Sep ’19
Sep ’19 U.S. Bean Meal Exports Destined to the Philippines Declined Most Significantly YOY
U.S. Bean Meal Exports Destined to Thailand Down, Ecuador up, Over the Past 12 Months
The Philippines, Mexico and Columbia are Among the Top U.S. Bean Meal Importers
Soybean Oil
Sep ’19 U.S. Bean Oil Export Volumes Declined to a Five Year Low Level
Sep ’19 U.S. Bean Oil Export Volumes Finished Down 69.8% MOM and 59.9% YOY
Guatemala and Mexico Were the Top Destinations for U.S. Bean Oil Exports During Sep ’19
Sep ’19 U.S. Bean Oil Exports Destined to the Dominican Republic Down Significantly YOY
U.S. Bean Oil Exports Destined to Peru & Venezuela Down Over the Past 12 Months
Mexico, South Korea and the Dominican Republic are Among the Top U.S. Bean Oil Importers