U.S. Corn & Soybeans Exports Update – May ’20
According to the USDA, corn export volumes increased seasonally to a ten month high level but remained slightly lower on a YOY basis during Mar ’20, finishing down 3.3%. Mar ’20 soybean export volumes declined seasonally to a ten month low level, finishing 30.6% lower on a YOY basis.
Corn
Mar ’20 U.S. Corn Export Volumes Increased Seasonally to a Ten Month High Level
Mar ’20 U.S. Corn Export Volumes Increased 10.3% MOM but Remained 3.3% Lower YOY
Japan and Mexico Were the Top Destinations for U.S. Corn Exports During Mar ’20
Mar ’20 U.S. Corn Exports Destined to Peru and Taiwan Declined Most Significantly YOY
U.S. Corn Exports Destined to Japan Down Most Significantly Over the Past 12 Months
Mexico and Japan are Among the Top U.S. Corn Importers
Soybeans
Mar ’20 U.S. Soybean Export Volumes Declined Seasonally to a Ten Month Low Level
Mar ’20 U.S. Soybean Export Volumes Declined 12.8% MOM and 30.6% YOY
Egypt and Mexico Were the Top Destinations for U.S. Soybean Exports During Mar ’20
Mar ’20 U.S. Soybean Exports Destined to China Declined Most Significantly YOY
U.S. Soybean Exports Destined to China Increased Most Significantly Over the Past 12 Mo
China, the EU-28 and Mexico are Among the Top U.S. Soybean Importers