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

Post lowers its MY 2021/22 projected planted area for soybeans to 17.0 million hectares. This reduction of 500,000 hectares will translate to total projected production of 49.7 million metric tons, 2.3 million metric tons below the USDA Official estimate.
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Update

Vietnam continues to struggle through its fourth Covid-19 outbreak which began in May 2021. The latest, and most severe outbreak has negatively affected the livestock and aquaculture sectors, as well as total feed demand due to strict government regulations and restrictions.
On September 13, 2021, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT), published Notification No. 25/2015-2020, clarifying that it is authorizing the import of consignments of soybean meal and soy cake derived from genetically engineered (GE) soybeans with a bill of lading or lorry (truck) receipt date issued on or before October 31, 2021.

News and Features

Private exporters report the following activity for MY 2021/2022: 396,000 MT of soybeans for delivery to unknown destinations, 326,750 MT of soybeans received during the reporting period for delivery to unknown destinations, and 132,000 metric tons of soybeans for delivery to China.
Private exporters reported sales of 132,000 metric tons of soybeans for delivery to unknown destinations during the 2021/2022 marketing year. ### The U.S. Department of Agriculture is required by law to publicly release summary sales data obtained...
Private exporters reported sales of: 161,544 metric tons of corn for delivery to unknown destinations during the 2021/2022 marketing year 330,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year 198,000 metric tons of...

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