According to the USDA, soybean meal export volumes declined on a YOY basis for the first time in the past four months throughout Feb ’21, finishing down 1.8% but remaining at the second highest seasonal level experienced throughout the past 11 years. Feb ’21 soybean oil export volumes declined on a YOY basis for the third time in the past five months, finishing down 33.1%.

Soybean Meal

Feb ’21 U.S. Soybean Meal Exports Reached a 12 Month High Level

Feb ’21 U.S. Soybean Meal Export Volumes up <0.1% MOM but Finished 1.8% Lower YOY

Feb ’21 U.S. Soybean Meal Exports Remained at the Second Highest Seasonal Level in 11 Yrs

The Feb ’21 YOY Decline in U.S. Soybean Meal Exports was the First in Four Months

The Philippines was the Top Destination for U.S. Soybean Meal Exports During Feb ’21

Feb ’21 U.S. Soybean Meal Exports Destined to Libya Down Most Significantly YOY

U.S. Soybean Meal Exports Destined to the Philippines up Over the Past 12 Months

The Philippines, Mexico and Columbia are Among the Top U.S. Soybean Meal Importers

Soybean Oil

Feb ’21 U.S. Soybean Oil Exports Declined From the Previous Month’s Eight Month High

Feb ’21 U.S. Soybean Oil Export Volumes Declined 13.6% MOM and 33.1% YOY

Feb ’21 U.S. Soybean Oil Exports Remained 17.5% Above Three Year Avg. Seasonal Figures

The Feb ’21 YOY Decline in U.S. Soybean Oil Exports was the Third in the Past Five Months

Peru and South Korea Were the Top Destinations for U.S. Soybean Oil Exports During Feb ’21

Feb ’21 U.S. Soybean Oil Exports Destined to Egypt Down Most Significantly YOY

U.S. Soybean Oil Exports Destined to Venezuela up Most Significantly Over the Past 12 Mo

South Korea, Mexico and the Dominican Republic are Among the Top U.S. Bean Oil Importers