Soybean Export From the USA Grew In December While Soybean Oil And Soybean Meal Export Declined

10 Feb, 2017
Soybean Export From the USA Grew In December While Soybean Oil And Soybean Meal Export Declined
Oil World reported that 7.93 mln tons of soybean were exported from the USA in December compared with 6.81 mln tons a year earlier.

107,000 tons of soybean oil (146,000) and 840,000 tons of soybean meal (971,000) have been exported during the month.

57.7 mln tons of soybean (48.1 mln tons in 2015) were exported from the USA in the whole of 2016 with China holding a 62% share of the export.

Soybean oil export reached 1 mln tons (963,000) while 10.6 mln tons of soybean meal (11.5) were exported.

In 2017, the USA will remain second best soybean exporter worldwide after Brazil.