Soybean export pace stayed strong throughout November
Soybean exports topped 388 million bushels in November, up slightly from the volume shipped in November 2020, although this season’s slow start to trade has left cumulative exports 22 percent behind 2020/21’s pace to date.
Over 250 million bushels of soybeans were destined for China during November, compared to 280 million last November. As of Nov. 25, China still had 230 million bushels in outstanding orders, down 37 percent from (record) outstanding sales a year ago and closer to the high end of the average range of recent years.
Weekly U.S. soybean exports by season
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