According to the USDA, soybean meal export volumes increased on a YOY basis for the third consecutive month throughout Jul ’20, finishing up 25.8% and reaching a record high seasonal level. Jul ’20 soybean oil export volumes finished lower on a YOY basis for the first time in the past six months, however, declining by 5.4% and reaching a five year seasonal low level. Soybean Meal Jul ’20 U.S. Soybean Meal Exports Declined Slightly From the Previous Month Jul ’20 U.S. Soybean Meal Export Volumes Declined 6.1% MOM but Remained up 25.8% YOY Jul ’20 U.S. Soybean Meal Exports Reached a Record High Seasonal Level The Jul ’20 YOY Increase in U.S. Soybean Meal Exports was the Third Experienced in a Row The Philippines was the Top Destination for U.S. Soybean Meal Exports During Jul ’20 Jul ’20 U.S. Soybean Meal Exports Destined to the Philippines up Most Significantly YOY U.S. Soybean Meal Exports Destined to the EU-28 & Vietnam Down Over the Past 12 Months The Philippines, Mexico and Columbia are Among the Top U.S. Soybean Meal Importers Soybean Oil Jul ’20 U.S. Soybean Oil Exports Declined to a Six Month Low Level Jul ’20 U.S. Soybean Oil Export Volumes Declined 5.0% MOM and 5.4% YOY Jul ’20 U.S. Soybean Oil Exports Reached a Five Year Seasonal Low Level The Jul ’20 YOY Decline in U.S. Soybean Oil Exports was the First Experienced in Six Months China was the Top Destination for U.S. Soybean Oil Exports During Jul ’20 Jul ’20 U.S. Soybean Oil Exports Destined to South Korea Down Most Significantly YOY U.S. Soybean Oil Exports Destined to Morocco up Most Significantly Over the Past 12 Months South Korea, Mexico and the Dominican Republic are Among the Top U.S. Bean Oil Importers