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Table 07: Soybeans: World Supply and Distribution 
 
Thousand Metric Tons
Date Created  11/09/2023 12:00:24 PM  
 
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  2019/20 2020/21 2021/22 2022/23 Oct
2023/24		 Nov
2023/24
Production nr nr nr nr nr nr
Brazil 128,500 139,500 130,500 158,000 163,000 163,000
United States 96,667 114,749 121,528 116,216 111,703 112,385
Argentina 48,800 46,200 43,900 25,000 48,000 48,000
China 18,092 19,602 16,395 20,280 20,500 20,500
India 9,300 10,456 11,889 12,411 11,000 11,000
Paraguay 10,553 9,642 4,183 9,050 10,000 10,000
Canada 6,145 6,359 6,224 6,543 6,700 6,700
Other 23,396 22,714 25,815 24,738 28,598 28,838
 
 
Total 341,453 369,222 360,434 372,238 399,501 400,423
 
Imports nr nr nr nr nr nr
China 98,532 99,740 90,501 100,846 100,000 100,000
European Union 15,017 14,786 14,549 13,350 13,800 13,800
Mexico 5,743 6,101 5,956 6,442 6,400 6,400
Argentina 4,882 4,816 3,839 9,059 5,700 5,700
Thailand 3,831 4,157 3,243 3,238 3,800 3,800
Japan 3,325 3,085 3,455 3,332 3,500 3,500
Turkey 3,148 2,745 2,949 2,888 3,100 3,100
Egypt 4,956 3,687 4,630 2,000 2,800 3,000
Iran 1,460 1,894 2,674 2,650 2,800 2,800
Taiwan 2,708 2,615 2,622 2,700 2,750 2,750
Other 21,692 21,869 21,164 18,602 21,096 20,898
 
 
Total 165,294 165,495 155,582 165,107 165,746 165,748
 
Exports nr nr nr nr nr nr
Brazil 92,135 81,650 79,063 95,511 97,500 97,500
United States 45,800 61,664 58,571 54,208 47,763 47,763
Paraguay 6,619 6,330 2,273 5,800 6,000 6,000
Argentina 10,004 5,195 2,861 4,185 4,600 4,600
Canada 3,909 4,554 4,284 4,240 4,550 4,550
Other 7,354 5,789 7,196 7,005 7,828 7,878
 
 
Total 165,821 165,182 154,248 170,949 168,241 168,291
 
Crush nr nr nr nr nr nr
China 91,500 93,000 87,900 95,000 97,000 98,000
United States 58,910 58,257 59,980 60,199 62,596 62,596
Brazil 46,742 46,500 50,712 53,000 55,750 55,750
Argentina 38,770 40,162 38,825 30,318 34,500 34,500
European Union 15,600 15,800 15,400 14,350 15,000 15,000
India 8,600 10,000 8,500 10,300 9,500 9,500
Mexico 6,000 6,200 6,350 6,650 6,500 6,500
Russia 4,650 4,500 4,800 5,400 5,750 5,850
Paraguay 3,500 3,325 2,200 3,050 3,500 3,500
Iran 2,500 2,000 2,550 3,000 2,900 2,900
Egypt 4,700 3,900 4,500 2,225 2,800 2,800
Bolivia 2,550 3,050 3,100 2,675 2,650 2,650
Japan 2,385 2,300 2,640 2,600 2,650 2,625
Thailand 2,610 2,800 2,500 2,100 2,550 2,450
Taiwan 2,080 2,050 2,075 2,050 2,100 2,100
Other 21,559 22,192 22,471 20,514 22,745 22,745
 
 
Total 312,656 316,036 314,503 313,431 328,491 329,466
 
Ending Stocks nr nr nr nr nr nr
Brazil 20,419 29,579 27,598 33,442 37,698 39,692
China 24,484 30,856 29,250 33,786 37,200 33,686
Argentina 26,650 25,060 23,903 17,209 24,853 24,559
United States 14,276 6,994 7,468 7,299 5,975 6,681
European Union 1,721 1,560 1,681 1,425 1,390 1,400
Other 7,597 6,214 8,163 7,150 8,505 8,496
 
 
Total 95,147 100,263 98,063 100,311 115,621 114,514
 
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.