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
India’s soybean production estimate for marketing year (MY) 2021/22 (October-September) is lowered to 10.8 million metric tons (MMT) on account of delayed and erratic rainfall.
Soybean imports are forecast at 101 million metric tons (MMT) in marketing year (MY) 21/22, up 3 MMT from the previous year.
This report updates several sections of the “European Union: Oilseeds and Product Annual” released in April 2021.
News and Features
September 10, 2021
Private Exporters Report Sales Activity for China
WASHINGTON, September 10, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year. The marketing year for soybeans began Sept. 1...
September 9, 2021
Private Exporters Report Sales Activity for China
Private exporters reported to the U.S. Department of Agriculture export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
September 8, 2021
Private Exporters Report Sales Activity for China
Private exporters reported to the U.S. Department of Agriculture export sales of 106,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
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