U.S. Corn & Soybeans Exports Update – Aug ’20
According to the USDA, corn export volumes declined to a three month low level throughout Jun ’20 but remained 69.6% above previous year levels, increasing by a 19 month high growth rate. Jun ’20 soybean export volumes declined to a three year low level, however, finishing 44.9% lower on a YOY basis.
Corn
Jun ’20 U.S. Corn Export Volumes Declined to a Three Month Low Level
Jun ’20 U.S. Corn Export Volumes Declined 8.7% MOM but Remained up 69.6% YOY
Jun ’20 U.S. Corn Export Volumes Remained Below the 2018 Record High Seasonal Level
The Jun ’20 YOY Increase in U.S. Corn Export Volumes was the Largest in 19 Months
Mexico and Japan Were the Top Destinations for U.S. Corn Exports During Jun ’20
Jun ’20 U.S. Corn Exports Destined to Mexico Increased Most Significantly YOY
U.S. Corn Exports Destined to Japan Down Most Significantly Over the Past 12 Months
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Jun ’20 U.S. Soybean Export Volumes Declined to a Three Year Low Level
Jun ’20 U.S. Soybean Export Volumes Declined 5.4% MOM and 44.9% YOY
Jun ’20 U.S. Soybean Export Volumes Declined to a Three Year Seasonal Low Level
The Jun ’20 YOY Decline in U.S. Soybean Exports was the Largest in 19 Months
China and Mexico Were the Top Destinations for U.S. Soybean Exports During Jun ’20
Jun ’20 U.S. Soybean Exports Destined to China Declined Most Significantly YOY
U.S. Soybean Exports to China Remain Most Significantly Higher Over the Past 12 Months
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers