In 2024, an estimated 4.36 billion bushels of soybeans (or soya beans) were produced in the United States, a significant increase compared to the previous year. Soya beans in the U.S. Alongside the production volume of soybeans, the production value increased in the United States in 2020: the production value of soybeans stood at about 36.8 billion U.S. dollars in 2018 and increased to roughly 57.5 billion U.S. dollars three years later. The states that produced the highest volume of soybeans in 2022 were Illinois, Iowa, and Minnesota, respectively. Leading soybean producers worldwide Since the marketing year of 2012/2013, the United States and Brazil have been the leading producers of soybeans worldwide. Producing about 139 million metric tons of it, Brazil was clearly in the lead in 2021/2022. Other noteworthy countries in terms of soybean production included Argentina, China, and India.

This statistic shows the ten U.S. states in soybean production from 2019 to 2024. Illinois topped the list in 2024, with almost *** million bushels produced that year. Soybean industry Soybeans are among the major agricultural crops planted in the United States, behind only corn. They belong to the oilseed crops category and most U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly grow soybeans in crop rotation with corn. More than 80 percent of soybeans are cultivated in the upper Midwest. The Unites States counted Illinois, Iowa, and Minnesota as their leading soybean producing states as of 2022. Historical data shows that large-scale soybean production did not begin until the 20th century in the United States. However, recent statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The expansion of soybean acreage was favored by several factors including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that achieved commercial success as bioengineered crops. The first genetically modified (GM) soybeans were planted in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The products intended for human consumption include products such as soy milk, soy flour or tofu.

Soybeans are a popular source of protein among Americans who abstain from consuming animal products. The production value of soybeans in the United States amounted to 44.1 billion U.S. dollars in 2024. Soy Consumption in the United States Soy products find their way into American diets on a daily basis. Soybean oil is a popular ingredient in margarine as well as other processed foods. In 2021, consumption of soybean oil in the United States reached 11.4 million metric tons, the highest volume it has been in the last two decades. Soy Milk Soy milk is a very common plant-based milk alternative which is expected to become even more popular in the coming years, perhaps due to the increasing popularity of plant-based diets among Americans. The share of Americans who eat soy foods or drink soy beverages increased between 2011 and 2019. Soy beverage sales in the United States is expected to increase over the next few years.

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

This statistic shows the leading countries in soybean production worldwide from 2012/13 to 2024/25. From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of ****** million metric tons in 2018/2019. As of 2019, Brazil overtook the United States as the leading soybean-producing country with a production volume of some *** million metric tons in 2023/24. Soybean production Soybeans are among the major agricultural crops sown in the United States, behind only corn. They belong to the oilseed crops category, and the majority of U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly cultivate soybeans in crop rotation with corn. More than ** percent of soybeans are grown in the upper Midwest. The United States reported Illinois, Iowa, and Minnesota as their leading soybean producing states in 2022. Historical data demonstrates that large-scale soybean production did not commence until the 20th century in the United States. However, the latest statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The certain increase of soybean acreage was supported by several factors, including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that accomplished commercial success as bioengineered crops. The first genetically modified (GM) soybeans were cultivated in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The product portfolio intended for human consumption include products such as soy milk, soy flour or tofu.

United States Crop Production: Soybeans for Beans: Yield Per Acre data was reported at 49.100 Bushel in 2017. This records a decrease from the previous number of 52.000 Bushel for 2016. United States Crop Production: Soybeans for Beans: Yield Per Acre data is updated yearly, averaging 33.900 Bushel from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 52.000 Bushel in 2016 and a record low of 22.800 Bushel in 1964. United States Crop Production: Soybeans for Beans: Yield Per Acre data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.B068: Agriculture Crop Production.

Forecast: Soybeans Gross Production in the US 2023 - 2027 Discover more data with ReportLinker!

Market Size statistics on the Soybean Farming industry in United States

United States Crop Production: Soybeans for Beans data was reported at 4,391,553.000 Bushel th in 2017. This records an increase from the previous number of 4,296,086.000 Bushel th for 2016. United States Crop Production: Soybeans for Beans data is updated yearly, averaging 2,098,531.000 Bushel th from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 4,391,553.000 Bushel th in 2017 and a record low of 699,882.000 Bushel th in 1964. United States Crop Production: Soybeans for Beans data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.B068: Agriculture Crop Production.

Forecast: Soybean Oil Production in the US 2023 - 2027 Discover more data with ReportLinker!

United States Long Term Projections: Soybean Oil: Production data was reported at 31,785.000 lb mn in 2034. This records an increase from the previous number of 31,470.000 lb mn for 2033. United States Long Term Projections: Soybean Oil: Production data is updated yearly, averaging 30,180.000 lb mn from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 31,785.000 lb mn in 2034 and a record low of 26,265.000 lb mn in 2022. United States Long Term Projections: Soybean Oil: Production data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

Forecast: Soybeans Production in the US 2022 - 2026 Discover more data with ReportLinker!

The Census of Agriculture, produced by the United States Department of Agriculture (USDA), provides a complete count of America's farms, ranches and the people who grow our food. The census is conducted every five years, most recently in 2022, and provides an in-depth look at the agricultural industry.This layer was produced from data obtained from the USDA National Agriculture Statistics Service (NASS) Large Datasets download page. The data were transformed and prepared for publishing using the Pivot Table geoprocessing tool in ArcGIS Pro and joined to county boundaries. The county boundaries are 2022 vintage and come from Living Atlas ACS 2022 feature layers.Dataset SummaryPhenomenon Mapped: 2022 Soybean ProductionCoordinate System: Web Mercator Auxiliary SphereExtent: 48 Contiguous United States, Alaska, and HawaiiSource: USDA National Agricultural Statistics ServicePublication Date: 2022AttributesNote that some values are suppressed as "Withheld to avoid disclosing data for individual operations", "Not applicable", or "Less than half the rounding unit". These have been coded in the data as -999, -888, and -777 respectively.Soybeans - Acres HarvestedSoybeans - Operations With Area Harvested - Area Harvested: (1.0 To 24.9 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (25.0 To 99.9 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (100 To 249 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (250 To 499 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (500 To 999 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (1,000 Or More Acres)Soybeans - Operations With Area HarvestedSoybeans - Operations With SalesSoybeans - Production, Measured In BushelsSoybeans - Sales, Measured In US DollarsSoybeans, Irrigated - Acres HarvestedSoybeans, Irrigated - Operations With Area Harvested In Alaska, one or more county-equivalent entities (borough, census area, city, municipality) are included in an agriculture census area.

United States Long Term Projections: Soybean Meal: Production data was reported at 63,100.000 Short Ton th in 2034. This records an increase from the previous number of 62,600.000 Short Ton th for 2033. United States Long Term Projections: Soybean Meal: Production data is updated yearly, averaging 60,250.000 Short Ton th from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 63,100.000 Short Ton th in 2034 and a record low of 52,564.000 Short Ton th in 2022. United States Long Term Projections: Soybean Meal: Production data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

In 2023, the production volume of soybean in Brazil reached over 152 million metric tons. Ranking second in the region was Argentina, with a production volume of 25 thousand metric tons, followed by Paraguay with over 10 million metric tons of soybean produced.

Explore the shifting dynamics of the global and U.S. soybean industries, including production, exports, and stock changes, alongside a stable soybean price forecast.

This statistic shows the production of edible soybean oil in the United States from 2004 to 2023. According to the report, U.S. soybean oil production amounted to approximately 27 billion pounds in 2023.

Forecast: Soybeans Production Level in the US 2024 - 2028 Discover more data with ReportLinker!

Explore the significance of soybean production in the United States, its economic impact, global trade dynamics, and the growing popularity of soy-based products in plant-based diets. Learn about the agricultural techniques that maximize yield and sustainability in this essential U.S. cash crop.

United States Crop Production: Soybeans for Beans: Area Planted data was reported at 89,557.000 Acre th in 2018. This records a decrease from the previous number of 90,142.000 Acre th for 2017. United States Crop Production: Soybeans for Beans: Area Planted data is updated yearly, averaging 72,718.000 Acre th from Dec 1983 (Median) to 2018, with 36 observations. The data reached an all-time high of 90,142.000 Acre th in 2017 and a record low of 57,795.000 Acre th in 1990. United States Crop Production: Soybeans for Beans: Area Planted data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.B068: Agriculture Crop Production.