U.S. Corn & Soybeans Exports Update – Dec ’20
According to the USDA, corn export volumes remained higher on a YOY basis for the sixth consecutive month, finishing 68.7% above previous year levels on strong Chinese demand. Oct ’20 soybean export volumes increased 94.1% on a YOY basis, reaching a record high monthly level, also on strong Chinese demand.
Corn
Oct ’20 U.S. Corn Export Volumes Declined Seasonally to a Nine Month Low Level
Oct ’20 U.S. Corn Export Volumes Declined 1.0% MOM but Remained up 68.7% YOY
Oct ’20 U.S. Corn Export Volumes Reached the Second Highest Seasonal Level in 13 Years
The Oct ’20 YOY Increase in U.S. Corn Export Volumes was the Sixth Experienced in a Row
Mexico and China Were the Top Destinations for U.S. Corn Exports During Oct ’20
Oct ’20 U.S. Corn Exports Destined to China Increased Most Significantly YOY
U.S. Corn Exports Destined to China up, Japan Down, Most Significantly Over the Past 12 Mo
2020 Annual U.S. Corn Exports Destined to China Have Reached an Eight Year High Thru Oct
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Oct ’20 U.S. Soybean Export Volumes Increased to a Record High Monthly Level
Oct ’20 U.S. Soybean Export Volumes Increased 42.3% MOM and 94.1% YOY
Oct ’20 U.S. Soybean Exports Reached a Record High Seasonal Level
The Oct ’20 YOY Increase in U.S. Soybean Exports was the Second Experienced in a Row
China was the Top Destination for U.S. Soybean Exports During Oct ’20
Oct ’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