U.S. Corn & Soybeans Exports Update – Aug ’21
According to the USDA, U.S. corn export volumes remained higher on a YOY basis for the 14th consecutive month throughout Jun ’21, finishing 25.2% above previous year levels and reaching the second highest seasonal level on record. The YOY increase in corn export volumes was the smallest experienced throughout the past 13 months, however. Jun ’21 U.S. soybean export volumes declined to a five year low level, finishing 48.0% below previous year levels.
Corn
Jun ’21 U.S. Corn Exports Declined to a Five Month Low Level but Remained Elevated Overall
Jun ’21 U.S. Corn Export Volumes Declined 22.8% MOM but Remained 25.2% Higher YOY
Jun ’21 U.S. Corn Export Volumes Reached the Second Highest Seasonal Level on Record
The Jun ’21 YOY Increase in U.S. Corn Export Volumes was the 14th Experienced in a Row
China, Japan and Mexico Were the Top Destinations for U.S. Corn Exports During Jun ’21
Jun ’21 U.S. Corn Exports Destined to China Remained Most Significantly Higher YOY
U.S. Corn Exports Destined to China up Most Significantly Over the Past 12 Months
2021 YTD U.S. Corn Exports Destined to China Have Reached a Record High Annual Level
Mexico and Japan are Historically Among the Top U.S. Corn Importers
Soybeans
Jun ’21 U.S. Soybean Exports Declined to a Five Year Low Level
Jun ’21 U.S. Soybean Export Volumes Declined 24.5% MOM and 48.0% YOY
Jun ’21 U.S. Soybean Exports Declined to a Seven Year Low Seasonal Level
The Jun ’21 YOY Decline in U.S. Soybean Exports was the Fourth Experienced in a Row
Mexico was the Top Destination for U.S. Soybean Exports During Jun ’21
Jun ’21 U.S. Soybean Exports Destined to China and Egypt Down Most Significantly YOY
U.S. Soybean Exports to China Have Remained Most Significantly Higher Over the Past 12 Mo
2021 YTD U.S. Soybean Exports Destined to China are on Pace to Reach a Three Year Low
China, the EU-27+UK and Mexico are Historically Among the Top U.S. Soybean Importers