Table 07: Soybeans: World Supply and Distribution


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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons
Date Created 10/11/2024 12:00:48 PM

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	2020/21	2021/22	2022/23	2023/24	Sep 2024/25	Oct 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	124,807	124,701
Argentina	46,200	43,900	25,000	48,100	51,000	51,000
China	19,602	16,395	20,284	20,840	20,700	20,700
India	10,456	11,889	12,411	11,875	12,800	12,800
Paraguay	9,642	4,183	10,250	11,000	11,200	11,200
Russia	4,307	4,760	5,996	6,800	7,300	7,300
Other	24,782	27,330	26,535	29,826	32,393	32,217

Total	369,238	360,461	378,697	394,714	429,200	428,918

Imports	nr	nr	nr	nr	nr	nr
China	99,740	90,297	104,500	112,000	109,000	109,000
European Union	14,786	14,544	13,143	13,800	14,600	14,600
Mexico	6,101	5,956	6,442	6,400	6,700	6,700
Argentina	4,816	3,839	9,059	7,400	6,000	6,000
Thailand	4,157	3,243	3,238	3,428	4,000	3,875
Egypt	3,607	4,566	1,992	3,200	3,600	3,600
Turkey	2,745	2,949	2,888	3,252	3,500	3,500
Japan	3,085	3,455	3,332	3,200	3,350	3,350
Iran	2,777	1,817	2,803	2,500	3,250	3,250
Taiwan	2,615	2,622	2,559	2,625	2,850	2,850
Other	21,770	21,180	17,868	19,602	20,887	20,887

Total	166,199	154,468	167,824	177,407	177,737	177,612

Exports	nr	nr	nr	nr	nr	nr
Brazil	81,650	79,063	95,504	104,174	105,000	105,000
United States	61,664	58,570	53,874	46,128	50,349	50,349
Paraguay	6,330	2,273	6,495	7,600	7,300	7,300
Argentina	5,195	2,861	4,185	5,100	4,500	4,500
Canada	4,554	4,289	4,240	4,846	4,300	4,300
Other	5,783	7,379	7,460	9,026	10,182	10,082

Total	165,176	154,435	171,758	176,874	181,631	181,531

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	65,998	65,998
Brazil	46,675	50,767	53,409	54,700	54,000	54,000
Argentina	40,162	38,825	30,318	35,700	40,000	40,000
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	6,480	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
Paraguay	3,325	2,200	3,450	3,500	3,500	3,500
Iran	2,400	2,500	3,000	2,700	3,350	3,350
Bolivia	3,050	3,100	3,500	2,800	3,000	3,000
Japan	2,300	2,640	2,600	2,425	2,560	2,560
Thailand	2,800	2,500	2,100	2,400	2,750	2,500
Taiwan	2,050	2,075	1,950	2,020	2,200	2,155
Other	22,011	22,455	19,946	21,621	23,866	23,866

Total	318,230	316,692	315,322	330,415	346,674	346,379

Ending Stocks	nr	nr	nr	nr	nr	nr
China	28,856	25,146	32,340	43,310	45,680	46,010
Brazil	29,419	27,378	36,819	27,962	33,919	34,012
Argentina	24,838	23,691	16,997	24,447	29,247	29,347
United States	6,994	7,468	7,190	9,308	14,965	14,965
European Union	1,455	1,446	1,098	1,366	1,520	1,546
Other	6,721	7,420	6,471	5,973	9,247	8,765

Total	98,283	92,549	100,915	112,366	134,578	134,645

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.