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.

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 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.

Soybeans rose to 1,027.75 USd/Bu on June 27, 2025, up 0.49% from the previous day. Over the past month, Soybeans's price has fallen 1.98%, and is down 10.83% 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 June of 2025.

The United States is a major producer of soybeans worldwide, with China importing the largest amount of U.S. grown soybeans of any country as of 2021. In that year, China imported nearly 14.15 billion metric tons of soybeans from the United States.

Soy foods Soybeans are naturally high in protein and hence a popular ingredient in vegetarian and vegan cuisine. Soy milk is a vegan and lactose-free alternative to cow’s milk, and soy sauce features heavily in East Asian cuisine. Tofu, tempeh, and miso are also all derived from soy. In the United States, the market value of soy food is expected to reach 9.6 billion U.S. dollars by 2020, up from 4.6 billion dollars in 2014.

Soybean production in the United States The United States produces the highest volume of soybeans of any country, at around 120 million metric tons in 2020/2021. In the previous year, the total value of U.S. soybean production amounted to about 39.13 billion U.S. dollars. Within the United States, the states with the most soybean cultivation are located in the Midwest. Illinois topped the list with over 673 million bushels of soybeans produced in 2021.

Grain Stocks Soy in the United States decreased to 1.91 Billion Bushels in the first quarter of 2025 from 3.10 Billion Bushels in the fourth quarter of 2024. This dataset provides - United States Quarterly Grain Stocks - Soy- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

Interactive chart of historical daily soybean prices back to 1971. The price shown is in U.S. Dollars per bushel.

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

The North America Soybean Seed Treatment Market Report is Segmented by Chemical Origin (synthetic and Biological), Application Type (commercial and Farm Level), and Geography (United States, Canada, Mexico, and Rest of North America). The Report Provides Market Size and Forecasts in USD for all Segments.

Discover the potential effects of China's new tariffs on US soybean exports, as shipments race against the clock to reach their destination before the additional duties are enforced.

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.

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.

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

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.

The Soybean Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report includes Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Five-year historical data and forecasts are provided.

This dataset shows the long-run projections (US Soybean and Products) for the US agricultural sector to 2031 includes assumptions for the US and international macroeconomic conditions and projections for major commodities, farm income, and the US agricultural trade value. Tables are from the publication United States Department of Agriculture (USDA) Agricultural Projections to 2031, February 2020.

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.

Graph and download economic data for Export Price Index (End Use): Soybeans (IQ00100) from Dec 1980 to May 2025 about extraction, end use, oil, exports, price index, indexes, price, and USA.