U.S. Corn & Soybeans Exports Update – Nov ’20
According to the USDA, corn export volumes remained higher on a YOY basis for the fifth consecutive month, finishing 85.5% above previous year levels but remaining below the 2016 record high seasonal level. Sep ’20 soybean export volumes increased 99.5% on a YOY basis, reaching a record high seasonal level on strong Chinese demand.
Corn
Sep ’20 U.S. Corn Export Volumes Declined Seasonally to an Eight Month Low Level
Sep ’20 U.S. Corn Export Volumes Declined 13.4% MOM but Remained up 85.5% YOY
Sep ’20 U.S. Corn Export Volumes Remained Below the 2016 Record High Seasonal Level
The Sep ’20 YOY Increase in U.S. Corn Export Volumes was the Fifth Experienced in a Row
Mexico and China Were the Top Destinations for U.S. Corn Exports During Sep ’20
Sep ’20 U.S. Corn Exports Destined to China Increased Most Significantly YOY
U.S. Corn Exports Destined to Japan Down Most Significantly Over the Past 12 Months
2020 Annual U.S. Corn Exports Destined to China Have Reached a Seven Year High Thru Sep
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Sep ’20 U.S. Soybean Export Volumes Increased to a 34 Month High Level
Sep ’20 U.S. Soybean Export Volumes Increased 76.7% MOM and 99.5% YOY
Sep ’20 U.S. Soybean Exports Reached a Record High Seasonal Level
The Sep ’20 YOY Increase in U.S. Soybean Exports was the First in the Past Eight Months
China was the Top Destination for U.S. Soybean Exports During Sep ’20
Sep ’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