Soybeans
In 2020, the value of U.S. soybean exports to the world reached a record $25.7 billion, up nearly 40 percent ($7 billion) by value and up 23 percent (11.9 million tons) by volume from the prior year. Exports to China jumped $6.2 billion (up 77 percent) from last year, significantly contributing to the rise in total exports. The total value of U.S. soybean exports was more than $4 billion (18 percent) above the 5-year average of 2013-2017.
More information from the 2020 U.S. Agricultural Export Yearbook
USDA's latest official data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds, can be found in the Oilseeds: World Markets and Trade report.
Data and Analysis
Taiwan’s soybean imports are projected to reach 2.66 million metric tons (MMT) in marketing year (MY) 2021/22 after an expected decline in MY 2020/21 to 2.56 MMT.
MY2021/22 is characterized by a further reduction in rapeseed production. Total United Kingdom (UK) rapeseed area in MY2021/22 is forecast to decline by 17 percent, primarily due to uncertainty over crop performance.
Total EU oilseeds area in MY 2021/22 is forecast to marginally increase by almost one percent. This increase in planted area is expected to take place in all three major oilseeds: soybean, rapeseed, and sunflower.
News and Features
WASHINGTON, April 26, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of soybeans for delivery to unknown destinations during the 2021/2022 marketing year. The marketing year for soybeans...
April 23, 2021
Private Exporters Report Sales Activity for Guatemala, China, and Unknown Destinations
WASHINGTON, April 23, 2021—Private exporters reported to the U.S. Department of Agriculture the follow activity: Export sales of 336,000 metric tons of corn for delivery to unknown destinations during the 2021/2022 marketing year; Export sales of 136...
WASHINGTON, April 12, 2021—Private exporters reported to the U.S. Department of Agriculture the follow activity: Export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year; and Export sales of 110,000...
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