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Table 07: Soybeans: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  02/11/2025 12:00:40 PM  
 
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  2020/21 2021/22 2022/23 2023/24 Jan
2024/25
Feb
2024/25
Production nr nr nr nr nr nr
Brazil 139,500 130,500 162,000 153,000 169,000 169,000
United States 114,749 121,504 116,221 113,273 118,836 118,836
Argentina 46,200 43,900 25,000 48,210 52,000 49,000
China 19,602 16,395 20,284 20,840 20,650 20,650
India 10,456 11,889 12,411 11,875 12,582 12,582
Paraguay 9,642 4,183 10,250 11,000 11,200 10,700
Canada 6,359 6,224 6,543 6,981 7,568 7,568
Other 23,095 25,946 25,451 29,787 32,419 32,427
 
 
Total 369,603 360,541 378,160 394,966 424,255 420,763
 
Imports nr nr nr nr nr nr
China 99,740 90,297 104,500 112,000 109,000 109,000
European Union 14,786 14,545 13,127 13,461 14,600 14,600
Mexico 6,101 5,956 6,442 6,456 6,700 6,700
Argentina 4,816 3,839 9,059 7,787 6,000 6,000
Thailand 4,157 3,243 3,238 3,428 3,875 3,875
Egypt 3,607 4,566 1,992 3,177 3,600 3,600
Turkey 2,745 2,949 2,888 3,252 3,500 3,500
Japan 3,085 3,455 3,332 3,099 3,350 3,350
Iran 2,777 1,817 2,803 2,554 3,250 3,250
Taiwan 2,615 2,622 2,559 2,625 2,850 2,850
Other 21,770 21,180 18,664 20,274 22,513 22,513
 
 
Total 166,199 154,469 168,604 178,113 179,238 179,238
 
Exports nr nr nr nr nr nr
Brazil 81,650 79,063 95,504 104,170 105,500 105,500
United States 61,664 58,570 53,874 46,128 49,668 49,668
Paraguay 6,330 2,273 6,495 7,987 7,300 7,300
Canada 4,554 4,289 4,240 4,846 4,800 4,800
Argentina 5,195 2,861 4,185 5,114 4,500 4,500
Other 5,783 7,379 7,454 9,267 10,205 10,213
 
 
Total 165,176 154,435 171,752 177,512 181,973 181,981
 
Crush nr nr nr nr nr nr
China 95,000 90,000 96,000 99,000 103,000 103,000
United States 58,257 59,980 60,199 62,244 65,589 65,589
Brazil 46,675 50,767 53,409 54,700 55,000 56,000
Argentina 40,162 38,825 30,318 36,583 41,000 41,000
European Union 15,800 15,400 14,300 14,500 15,200 15,200
India 10,000 8,500 10,300 11,300 11,000 11,000
Mexico 6,200 6,350 6,650 6,530 6,650 6,650
Russia 4,500 4,900 5,400 5,900 6,100 6,100
Egypt 3,700 4,500 2,200 3,125 3,500 3,500
Iran 2,400 2,500 3,000 2,700 3,350 3,350
Bolivia 3,050 3,100 3,300 3,000 3,100 3,100
Paraguay 3,325 2,200 3,450 3,000 3,500 3,100
Japan 2,300 2,640 2,600 2,345 2,540 2,540
Thailand 2,800 2,500 2,100 2,400 2,500 2,500
Taiwan 2,050 2,075 1,950 2,020 2,155 2,155
Other 21,936 22,390 20,444 21,892 25,106 25,106
 
 
Total 318,155 316,627 315,620 331,239 349,290 349,890
 
Ending Stocks nr nr nr nr nr nr
China 28,856 25,146 32,340 43,310 45,960 45,960
Brazil 29,419 27,378 36,819 27,966 32,516 31,516
Argentina 24,838 23,691 16,997 24,047 28,947 25,947
United States 6,994 7,468 7,190 9,319 10,337 10,337
European Union 1,455 1,447 1,084 1,119 1,299 1,299
Other 7,140 7,771 6,808 6,733 9,309 9,280
 
 
Total 98,702 92,901 101,238 112,494 128,368 124,339
 
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.