US Soybean Exports Lagging Behind Last Five Years
July 27, 2020
According the latest FAS export sales report, old crop soybean sales dropped 46% below the prior four-week average of 11.5 million bushels, but exports were helped by another 28.2 million bushels in new crop sales for a total of 39.7 million bushels. The 39.7 million bushels exports were on the low side of estimates ranging between 25.7 million and 68.0 million bushels. China has come back as a major importer at 14.3 million bushels. However, cumulative totals for the 2019-2020 marketing year are still at the lows, slightly behind last year’s pace, with 1.452 billion bushels.
The chart below can be constructed in the Fundamental Analytics platform under Fundamentals > FAS > Oil Seeds > Soybeans > Accumulated Export.
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The information provided here is for general informational purposes only and should not be considered individualized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions.