According to the USDA, soybean meal export volumes remained below previous year levels for the tenth time in the past 11 months throughout Jan ’22, declining by 10.9%. Jan ’22 soybean oil export volumes finished below previous year levels for the 11^th time in the past 12 months, declining by 13.3% but remaining at the second highest seasonal level experienced throughout the past 11 years.

Soybean Meal

Jan ’22 U.S. Soybean Meal Exports Declined to a Three Month Low Level

Jan ’22 U.S. Soybean Meal Exports Declined 7.0% MOM While Finishing 10.9% Lower YOY

Jan ’22 U.S. Soybean Meal Exports Finished 5.0% Below Three Year Average Seasonal Levels

The Jan ’22 YOY Decline in U.S. Soybean Meal Exports was the Tenth in the Past 11 Months

The Philippines Remained the Top Destination for U.S. Soybean Meal Exports During Jan ’22

Jan ’22 U.S. Soybean Meal Exports Destined to Vietnam Down Most Significantly YOY

U.S. Soybean Meal Exports Destined to the EU-27+UK Down Over the Past 12 Months

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

Soybean Oil

Jan ’22 U.S. Soybean Oil Exports Increased to a 12 Month High Level

Jan ’22 U.S. Soybean Oil Exports Increased 55.7% MOM but Remained 13.3% Lower YOY

Jan ’22 U.S. Soybean Oil Exports Remained at the Second Highest Seasonal level in 11 Years

The Jan ’22 YOY Decline in U.S. Soybean Oil Exports was the 11^th in the Past 12 Months

India was the Top Destination for U.S. Soybean Oil Exports During Jan ’22

Jan ’22 U.S. Soybean Oil Exports to South Korea Down, India up, Most Significantly YOY

U.S. Soybean Oil Exports to South Korea Down Most Significantly Over the Past 12 Months

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