U.S. Corn & Soybeans Exports Update – Jan ’20
According to USDA, Nov ’19 corn export volumes continued to rebound from the 46 month low level experienced throughout Sep ’19 but remained significantly lower on a YOY basis for the tenth consecutive month. Nov ’19 soybean export volumes increased seasonally to a two year high level, however, remaining higher on a YOY basis for the sixth consecutive month, as Chinese import volumes have rebounded.
Corn
Nov ’19 U.S. Corn Export Volumes Continued to Rebound Slightly From Recent 46 Mo Lows
Nov ’19 U.S. Corn Export Volumes Increased 10.9% MOM but Remained Down 51.3% YOY
Mexico was the Top Destination for U.S. Corn Exports During Nov ’19
Nov ’19 U.S. Corn Exports Destined to Japan and South Korea Declined Most Significantly YOY
U.S. Corn Exports Destined to South Korea Down Most Significantly Over the Past 12 Months
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Nov ’19 U.S. Soybean Export Volumes Increased to a Two Year High Level
Nov ’19 U.S. Soybean Export Volumes Finished up 21.8% MOM and 43.6% YOY
China was the Top Destination for U.S. Soybean Exports During Nov ’19
Nov ’19 U.S. Soybean Exports Destined to China Increased 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