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.

Soybeans rose to 1,130.79 USd/Bu on December 2, 2025, up 0.25% from the previous day. Over the past month, Soybeans's price has risen 0.99%, and is up 14.02% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on December of 2025.

View monthly updates and historical trends for US Soybean Price. from United States. Source: World Bank. Track economic data with YCharts analytics.

Learn about the US soybean futures market, its contract specifications, trading hours, factors influencing prices, hedging and speculation opportunities, contract delivery options, and its importance in managing price risks associated with soybean production, processing, and trading.

The US soybean market is one of the largest and most influential agricultural commodity markets in the world. Learn about its production, international trade, domestic consumption, government policies, and price volatility.

The Soybean Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, and More). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

United States (US) Soybean Market is expected to grow during 2022-2031

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.

Market Size statistics on the Soybean Farming industry in the US

The corn, wheat and soybean wholesaling industry has operated through years of volatility shaped by global health crises, trade disruptions and shifting consumer demand. Early in the pandemic, logistics breakdowns and supply chain bottlenecks disrupted grain distribution, forcing wholesalers to adapt quickly. Even with these disruptions, demand for staple grains such as corn, wheat and soybeans remained steady, helping to cushion revenue losses. As the economy reopened, pent-up demand exerted new pressure on inventories, sending grain prices higher and tightening margins across the supply chain. Geopolitical tensions, particularly the conflict in Ukraine, further complicated trade flows by constraining wheat exports and creating uncertainty in international markets. In contrast, government subsidies tied to biofuels, particularly those using corn and soybean oil, provided partial relief. These policies stimulated domestic demand and helped offset global disruptions that limited supply. Over the five years to 2025, industry revenue is expected to increase at an annualized rate of 1.3% to reach $238.5 billion, though a modest 2.4% decline is forecast for 2025 as prices stabilize and exports face renewed competition. Evolving dietary preferences have also reshaped the industry’s trajectory. The growing popularity of low-carbohydrate diets has weighed on wheat consumption, pressuring wholesalers reliant on that market. At the same time, the expanding market for plant-based products has strengthened soybean demand, providing a valuable counterbalance. These contrasting trends have prompted wholesalers to adjust their product mixes and diversify their distribution strategies to capture emerging growth areas while managing costs associated with logistics and storage. The industry’s performance demonstrates a degree of resilience despite economic and structural headwinds. Its ability to adapt to changing trade conditions, regulatory landscapes, and consumer trends has supported a gradual recovery following years of volatility. Looking ahead, overall revenue growth is expected to plateau, reaching an estimated $239.0 billion by 2030. The sector’s near-term outlook remains steady but subdued, with modest expansion constrained by mature demand and persistent competition in global grain markets.

This statistic depicts the average annual prices for soybeans from 2014 through 2026*. In 2024, the average price for soybeans stood at 462 nominal U.S. dollars per metric ton.

Grain Stocks Soy in the United States decreased to 0.32 Billion Bushels in the third quarter of 2025 from 1.02 Billion Bushels in the second quarter of 2025. This dataset provides - United States Quarterly Grain Stocks - Soy- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2025, soybean imports to China amounted to approximately *** billion U.S. dollars, decreasing by around *** percent compared to the same period of the previous year. Despite the seasonal fluctuation in soybean imports, China remains the largest soybean importer in the world. Global top market for soybeans As a major oilseed and protein meal product, soybean is very important in the Chinese diet. Traditional food uses of soybeans include soy milk, tofu, and tofu skin. Soybean imports to China have been increasing. In 2024, more than *** million metric tons of soybeans were imported to China, over ten times as much as the import volume in 2000. The global soybean import volume amounted to around *** million metric tons in 2023/24. In addition, China’s domestic soybean oil demand reached around **** million metric tons in 2023. Brazil – China's largest soybean supplier Soybean is Brazil’s main export commodity. In 2023, Brazil held the top rank as China’s largest soybean supplier with a market share of about ** percent. The United States and Argentina were also among the top three soybean supplying countries to China. In 2023, Brazilian soybean exports to China amounted to around ** billion U.S. dollars. Soybean production in Brazil was forecasted to amount to over *** million metric tons in 2024, and it was expected to exceed *** million tons by 2033. Additionally, the harvesting area of soybeans was forecasted to exceed **** million hectares by then.

The price of US soybeans per bushel is subject to various factors and fluctuations in the commodities market. Understanding these factors and trends is crucial for farmers, traders, and consumers. Learn more about the historical volatility, recent fluctuations, and international influences on soybean prices.

This statistic shows the amount of soybeans exported from the U.S. between 2011/12 and 2023/24. For 2023/24, an export of just under two million bushels is forecast. This would constitute a slight decrease from the 1.99 million bushels exported in 2022/23.

Discover how soybean prices are impacted by supply and demand, weather, and geopolitical factors. Explore insights from USDA reports and understand the influence of trade policies and market trends on soybean markets.

Market Size statistics on the Soybean Processing industry in the US

Table 14: Top 5 Importers of U.S. Soybeans

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

Forecast: Soybeans Market Size Volume in the US 2023 - 2027 Discover more data with ReportLinker!