Soybeans

In 2020, the value of U.S. soybean exports to the world reached a record $25.7 billion, up nearly 40 percent ($7 billion) by value and up 23 percent (11.9 million tons) by volume from the prior year. Exports to China jumped $6.2 billion (up 77 percent) from last year, significantly contributing to the rise in total exports. The total value of U.S. soybean exports was more than $4 billion (18 percent) above the 5-year average of 2013-2017.

More information from the 2020 U.S. Agricultural Export Yearbook

USDA's latest official data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds, can be found in the Oilseeds: World Markets and Trade report.

Data and Analysis

Attaché Report (GAIN)

Argentina: Oilseeds and Products Update

With the MY 2020/2021 harvest season almost complete, Post lowers its soybean production estimate 500,000 tons, to 44.5 million metric tons (MMT), 2.5 MMT below USDA Official.
Attaché Report (GAIN)

Brazil: Oilseeds and Products Update

For 2021/22, Post forecasts soybean planted area at 40.3 million hectares (ha), and production at 143.5 million metric tons (MMT), based on a yield of 3.56 mt per ha. Post revised up 2020/21 planted area estimate by 300,000 ha to 38.8 million ha, and...
Attaché Report (GAIN)

Malaysia: Oilseeds and Products Update

Post adjusted the Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down by 8,000 tons to 18.7 million tons. COVID-19 has caused acute labor shortages as the Government of Malaysia (GOM) halted the intake of new foreign workers indefinitely, while allowing foreign workers with expired work permits to return home, thus exaggerating the labor issues.

News and Features

July 23, 2021
Export Sales Announcement

Private Exporters Report Sales Activity for Mexico

WASHINGTON, July 23, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 100,000 metric tons of soybeans for delivery to Mexico during 2021/2022 marketing year. The marketing year for soybeans began Sept. 1. USDA...
July 9, 2021
Export Sales Announcement

Private Exporters Report Sales Activity for Mexico

WASHINGTON, July 9, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 228,600 metric tons of soybeans for delivery to Mexico during the 2021/2022 marketing year. The marketing year for soybeans began Sept. 1. USDA...
July 8, 2021
Export Sales Announcement

Private Exporters Report Sales Activity for Mexico

WASHINGTON, July 8, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 122,200 metric tons of soybean cake and meal for delivery to Mexico during the 2021/2022 marketing year. The marketing year for soybean meal...

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