Soybean Meal
U.S. Soybean Meal Exports in 2024
Total Export Value
$6.41 Billion
Total Volume (Millions)
14.84 Metric Tons
3-Year Average
$6.6 Billion
Compound Average Growth
3% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Philippines | $1.01 Billion |
| Mexico | $894.13 Million |
| Canada | $667.24 Million |
| Colombia | $654.32 Million |
| Vietnam | $361.43 Million |
| Venezuela | $295.72 Million |
| Dominican Republic | $263.31 Million |
| Guatemala | $253.88 Million |
| European Union | $241.59 Million |
| Ecuador | $212.15 Million |
Data and Analysis
Paraguay’s soybean production is forecast to rebound to 10.9 million metric tons (MMT) in MY2025/26 on improved weather and modest acreage gains, following weather-driven losses the previous year.
Marketing Year (MY) 2025/26 is forecast to see record low plantings of rapeseed oilseeds (rapeseed) in the United Kingdom (UK), down below 250 thousand hectares, with production falling below 750 thousand metric tons.
FAS Manila forecasts soybean meal imports in Marketing Year (MY) 2025/26 to increase by 3.1 percent to 3.35 million metric tons (MMT) compared to the previous MY, due to an increase in local feed demand from the broiler, layer, aquaculture, and pet food industries, along with the forecast gradual rebound of the swine industry.
News and Features
Private exporters reported sales of 135,000 MT of soybean cake and meal for delivery to the Philippines during MY 2024/2025.
Private exporters reported the following sales activity for MY 2024/2025: 135,000 MT of corn for delivery to Colombia and 120,000 MT of soybean cake and meal for delivery to Colombia.
Private exporters reported sales to China, Philippines and unknown destinations during MY 2024/2025.