Uruguay: Oilseeds and Products Annual

Uruguayan soybean production in marketing year (MY) 2025/26 is forecast at 3.1 million metric tons (MMT), slightly below the previous year’s record harvest due to a modest reduction in planted area as farmers shift some acreage back to corn. Despite this, soybean remains Uruguay’s leading summer crop, buoyed by strong yields and stable export demand, particularly from China. Domestic crushing remains limited, with just under 10 percent of total production processed locally, primarily at a single large facility. Crush is forecast to increase slightly to 170,000 MT, generating 135,000 MT of soymeal and 30,000 MT of soybean oil, most of which will be consumed domestically in the modest livestock industries. Uruguay continues to export the bulk of its soybean production as whole beans, with China and Argentina as top markets, while importing soymeal and oil to meet domestic feed and food industry needs.