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.

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.

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.

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.

Exports of Soybeans in the United States increased to 3274.92 USD Million in February from 2286.20 USD Million in January of 2024. This dataset includes a chart with historical data for the United States Exports of Soybeans.

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

View yearly updates and historical trends for US Soybeans Price Received. from United States. Source: US Department of Agriculture. Track economic data wi…

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.

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.

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 **** 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 **** 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.

U.S. soybean farmers face crisis as China trade war halts purchases, forcing desperate search for new markets while crops remain unsold and prices hit five-year lows.

US soybean farmers confront a storage emergency as harvest accelerates while China suspends purchases, creating massive surpluses and record-low local prices across heartland states.

The article details how US soybean farmers have become casualties in the Trump administration's trade war with China, with Chinese purchases dropping to zero and creating an agricultural crisis.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Soybeans (WPU01830131) from Jan 1947 to Sep 2025 about beans, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

Employment statistics on the Soybean Farming industry in the US

Graph and download economic data for Export Price Index (End Use): Soybeans and Other Oil Seeds and Food Oils (IQ001) from Dec 1984 to Aug 2025 about end use, oil, exports, price index, indexes, price, and USA.

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

Analysis of how Trump's China trade policies and tariffs are crippling American soybean farmers, with exports to their largest market dropping significantly.

United States Long Term Projections: Soybean Oil: Beginning Stocks, October 1 data was reported at 1,807.072 lb mn in 2034. This records an increase from the previous number of 1,787.072 lb mn for 2033. United States Long Term Projections: Soybean Oil: Beginning Stocks, October 1 data is updated yearly, averaging 1,787.072 lb mn from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 1,991.000 lb mn in 2022 and a record low of 1,607.072 lb mn in 2023. United States Long Term Projections: Soybean Oil: Beginning Stocks, October 1 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.

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.