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Table 07: Soybeans: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  11/14/2025 12:00:13 PM  
 
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  2021/22 2022/23 2023/24 2024/25 Sep
2025/26
Nov
2025/26
Production nr nr nr nr nr nr
Brazil 130,500 162,000 154,500 171,500 175,000 175,000
United States 121,504 116,221 113,273 119,047 117,045 115,751
Argentina 43,900 25,000 48,210 51,108 48,500 48,500
China 16,395 20,284 20,840 20,650 21,000 21,000
Paraguay 4,183 10,250 11,000 10,200 11,000 11,000
India 11,889 12,411 11,875 12,582 11,600 10,000
Russia 4,760 5,996 6,800 7,050 8,300 8,300
Other 27,407 26,198 29,861 34,999 33,422 32,197
 
 
Total 360,538 378,360 396,359 427,136 425,867 421,748
 
Imports nr nr nr nr nr nr
China 90,297 104,500 112,000 108,000 112,000 112,000
European Union 14,545 13,127 13,461 14,600 14,300 14,300
Argentina 3,839 9,059 7,787 6,324 7,200 7,700
Mexico 6,397 6,451 6,456 6,400 6,700 6,700
Egypt 4,566 1,992 3,177 4,500 4,700 4,700
Thailand 3,243 3,238 3,428 4,190 4,400 4,200
Turkey 2,949 2,888 3,252 4,183 3,850 4,000
Japan 3,455 3,332 3,099 3,243 3,300 3,300
Taiwan 2,622 2,559 2,577 2,768 2,950 2,950
Vietnam 1,839 1,858 2,265 2,500 2,800 2,800
Other 21,011 19,505 20,782 22,431 24,014 23,764
 
 
Total 154,763 168,509 178,284 179,139 186,214 186,414
 
Exports nr nr nr nr nr nr
Brazil 79,063 95,530 104,191 103,143 112,000 112,500
United States 58,570 53,864 46,266 51,029 45,858 44,497
Argentina 2,861 4,185 5,114 7,868 6,000 8,250
Paraguay 2,273 6,495 7,987 6,800 7,700 7,700
Canada 4,289 4,240 4,850 5,448 5,100 5,100
Other 7,372 7,542 9,426 10,728 11,124 9,924
 
 
Total 154,428 171,856 177,834 185,016 187,782 187,971
 
Crush nr nr nr nr nr nr
China 90,000 96,000 99,000 103,500 108,000 108,000
United States 59,980 60,199 62,196 66,542 69,536 69,536
Brazil 50,767 53,409 54,405 58,000 58,000 59,000
Argentina 38,825 30,318 36,583 43,209 42,400 41,000
European Union 15,400 14,300 14,500 15,400 15,300 15,300
India 8,500 10,300 11,300 11,000 10,250 9,050
Mexico 6,350 6,650 6,530 6,650 6,800 6,800
Russia 4,900 5,400 5,900 6,225 6,300 6,300
Egypt 4,500 2,200 3,125 4,350 4,700 4,700
Bolivia 3,100 3,300 2,600 3,100 3,100 3,100
Paraguay 2,200 3,450 3,000 3,100 3,100 3,100
Iran 2,500 3,000 2,700 2,850 3,000 3,000
Thailand 2,500 2,100 2,400 2,700 3,200 3,000
Ukraine 1,300 1,500 1,800 2,800 2,900 2,900
Turkey 1,800 1,700 2,300 2,850 2,500 2,800
Other 23,843 21,620 22,850 25,515 27,543 27,393
 
 
Total 316,465 315,446 331,189 357,791 366,629 364,979
 
Ending Stocks nr nr nr nr nr nr
China 25,146 32,340 43,310 44,488 43,380 44,388
Brazil 27,386 36,801 29,722 36,811 37,261 36,361
Argentina 23,691 16,997 24,047 23,102 23,847 22,852
United States 7,468 7,190 9,319 8,614 8,168 7,885
European Union 1,572 1,259 1,283 1,543 1,830 1,508
Other 8,269 7,276 7,440 8,781 9,505 8,997
 
 
Total 93,532 101,863 115,121 123,339 123,991 121,991
 
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.