Table 07: Soybeans: World Supply and Distribution


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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons
Date Created 07/10/2026 12:00:25 PM

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	2022/23	2023/24	2024/25	2025/26	Jun 2026/27	Jul 2026/27
Production	nr	nr	nr	nr	nr	nr
Brazil	162,000	154,500	172,500	180,000	186,000	186,000
United States	116,221	113,273	119,047	115,989	120,701	121,790
Argentina	25,000	48,210	51,108	50,000	50,000	50,000
China	20,284	20,840	20,650	20,900	21,000	21,000
India	12,411	11,875	12,882	11,027	11,500	11,500
Paraguay	10,250	11,000	10,200	12,100	11,100	11,100
Russia	5,996	6,800	7,050	9,000	8,800	8,000
Other	26,048	29,950	34,609	30,445	32,236	32,311

Total	378,210	396,448	428,046	429,461	441,337	441,701

Imports	nr	nr	nr	nr	nr	nr
China	104,500	112,000	108,000	113,000	114,000	115,000
European Union	13,127	13,550	14,710	13,800	13,200	13,200
Mexico	6,451	6,457	6,434	6,700	6,750	6,750
Argentina	9,059	7,787	6,324	7,050	6,500	6,500
Egypt	1,993	3,321	4,543	4,600	5,000	5,000
Turkey	2,888	3,252	4,183	4,000	4,550	4,550
Thailand	3,238	3,428	4,190	4,200	4,300	4,300
Vietnam	1,858	2,265	2,609	3,050	3,500	3,500
Pakistan	571	997	1,939	3,000	3,300	3,300
Japan	3,332	3,099	3,243	3,100	3,150	3,150
Other	21,485	22,343	22,971	23,842	23,768	24,018

Total	168,502	178,499	179,146	186,342	188,018	189,268

Exports	nr	nr	nr	nr	nr	nr
Brazil	95,504	104,170	103,142	115,000	117,500	118,000
United States	53,864	46,350	51,495	41,368	44,361	45,178
Paraguay	6,495	7,987	6,405	8,200	7,350	7,350
Argentina	4,185	5,114	7,874	9,000	6,200	6,200
Canada	4,240	4,861	5,551	5,300	5,300	5,400
Other	7,470	9,364	9,863	8,210	8,506	8,281

Total	171,758	177,846	184,330	187,078	189,217	190,409

Crush	nr	nr	nr	nr	nr	nr
China	96,000	99,000	103,500	109,000	110,000	111,000
United States	60,199	62,196	66,546	72,121	74,843	74,843
Brazil	53,409	54,405	58,162	61,500	65,000	65,000
Argentina	30,341	36,583	43,236	42,000	43,000	43,000
European Union	14,300	14,500	15,400	14,800	14,500	14,500
India	10,300	11,300	11,300	9,775	10,000	10,000
Mexico	6,650	6,530	6,650	6,850	6,950	6,950
Russia	5,400	5,900	6,225	6,600	6,600	6,350
Egypt	2,200	3,250	4,500	4,600	5,000	5,000
Paraguay	3,450	3,000	3,700	3,600	3,600	3,600
Pakistan	650	950	1,800	2,900	3,200	3,300
Bolivia	3,300	2,600	3,225	3,100	3,250	3,250
Turkey	1,700	2,300	2,850	2,800	3,100	3,100
Thailand	2,100	2,400	2,700	3,000	3,050	3,050
Ukraine	1,500	1,800	2,800	2,900	2,900	2,900
Other	24,268	24,531	26,542	26,940	28,093	28,325

Total	315,767	331,245	359,136	372,486	383,086	384,168

Ending Stocks	nr	nr	nr	nr	nr	nr
China	32,341	43,311	44,489	44,369	44,269	44,269
Brazil	36,819	29,761	37,688	37,688	37,388	36,888
Argentina	16,999	24,049	24,671	23,821	24,221	24,221
United States	7,190	9,319	8,840	8,978	8,441	8,435
European Union	1,262	1,300	1,568	1,552	1,482	1,457
Other	7,230	7,359	8,677	8,917	9,082	8,900

Total	101,841	115,099	125,933	125,325	124,883	124,170

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a Jan/Dec MY.