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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