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U.S. Corn & Soybeans Exports Update – May ’21

  • May 5, 2021
  • by Belinda Przybylski

According to the USDA, U.S. corn export volumes remained higher on a YOY basis for the 11th consecutive month throughout Mar ’21, finishing 105.1% above previous year levels and reaching a record high monthly level on continued strong Chinese demand. Mar ’21 U.S. soybean export volumes declined seasonally to an eight month low while finishing 10.7% below previous year levels and reaching an eight year low seasonal level, however, despite continued strong Chinese demand.

Corn

Mar ’21 U.S. Corn Exports Reached a Record High Monthly Level

Mar ’21 U.S. Corn Export Volumes Increased 35.6% MOM and 105.1% YOY

Mar ’21 U.S. Corn Export Volumes Finished 80.6% Above Three Year Avg. Seasonal Levels

The Mar ’21 YOY Increase in U.S. Corn Export Volumes was the 11th Experienced in a Row

China, Japan and Mexico Were the Top Destinations for U.S. Corn Exports During Mar ’21

Mar ’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

2020 Annual U.S. Corn Exports Destined to China Reached a Record High Level

Mexico and Japan are Among the Top U.S. Corn Importers

Soybeans

Mar ’21 U.S. Soybean Exports Declined Seasonally to an Eight Month Low Level

Mar ’21 U.S. Soybean Export Volumes Declined 54.5% MOM While Finishing 10.7% Lower YOY

Mar ’21 U.S. Soybean Exports Declined to an Eight Year Low Seasonal Level

The Mar ’21 YOY Decline in U.S. Soybean Exports was the First in the Past Seven Months

China Remained the Top Destination for U.S. Soybean Exports During Mar ’21

Mar ’21 U.S. Soybean Exports Destined to Bangladesh Down, China up, 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 Remained Slightly Below the 2016 Highs

China, the EU-27+UK and Mexico are Among the Top U.S. Soybean Importers

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