U.S. Soybean Exports Hit Record for 2020-21
United States soybean exports hit a new record for the 2020-21 marketing year at 61.65 million metric tons and a value of over $28 billion. United Soybean Board vice president of market intelligence Mac Marshall says the volume increase is a result of the diversification of international markets.
The U.S. also set a record for all soy products with beans, meal and oil combined at 74.8 million metric tons.
However, so far in the current market year exports and China purchases are running more than 32-percent behind last year. Marshall there are several contributing factors.
Shipping is normalizing. So, Marshall believes soybean exports will catch up but may not set another record this year.
Read also
Milling wheat prices of 2026 new crop resist seasonal pressure in Romania
Argentina’s beef supply has fallen to its lowest level in 15 years
Soybean prices in Chicago hit limit-down levels
Turkey Grain Market-2026: Trade Flows, Price Dynamics & Black Sea Competition
Australia increased grain exports in January
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon