Table 07: Soybeans: World Supply and Distribution


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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons
Date Created 07/12/2024 12:01:18 PM

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	2020/21	2021/22	2022/23	2023/24	Jun 2024/25	Jul 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	113,344	121,109	120,701
Argentina	46,200	43,900	25,000	49,500	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	12,200	12,200
Paraguay	9,642	4,183	10,050	10,500	10,700	10,700
Canada	6,359	6,224	6,543	6,981	6,700	6,900
Other	22,730	25,866	25,862	29,371	30,853	30,653

Total	369,238	360,461	378,371	395,411	422,262	421,854

Imports	nr	nr	nr	nr	nr	nr
China	99,740	90,297	104,500	108,000	109,000	109,000
European Union	14,786	14,544	13,143	13,800	14,300	14,300
Mexico	6,101	5,956	6,442	6,400	6,700	6,700
Argentina	4,816	3,839	9,059	6,700	5,500	5,500
Thailand	4,157	3,243	3,238	3,700	4,000	4,000
Japan	3,085	3,455	3,332	3,300	3,350	3,350
Egypt	3,607	4,566	1,992	2,800	3,300	3,300
Turkey	2,745	2,949	2,888	3,100	3,300	3,300
Iran	2,777	1,817	2,803	2,800	3,100	3,100
Taiwan	2,615	2,622	2,559	2,750	2,850	2,850
Other	21,770	21,177	17,904	19,513	20,997	20,997

Total	166,199	154,465	167,860	172,863	176,397	176,397

Exports	nr	nr	nr	nr	nr	nr
Brazil	81,650	79,063	95,504	103,000	105,000	105,000
United States	61,664	58,570	53,874	46,266	49,668	49,668
Paraguay	6,330	2,273	6,495	6,850	6,800	6,800
Argentina	5,195	2,861	4,185	5,600	5,500	5,500
Canada	4,554	4,289	4,239	4,650	4,300	4,300
Other	5,783	7,379	7,460	8,767	8,932	8,932

Total	165,176	154,435	171,757	175,133	180,200	180,200

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	62,324	65,998	65,998
Brazil	46,675	50,767	53,409	54,000	54,000	54,000
Argentina	40,162	38,825	30,318	35,500	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	11,100	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	6,000	5,900
Paraguay	3,325	2,200	3,450	3,500	3,500	3,500
Egypt	3,700	4,500	2,200	2,725	3,300	3,300
Iran	2,400	2,500	3,000	2,900	3,200	3,200
Bolivia	3,050	3,100	3,500	2,800	3,000	3,000
Thailand	2,800	2,500	2,100	2,550	2,750	2,750
Japan	2,300	2,640	2,600	2,425	2,560	2,560
Taiwan	2,050	2,075	1,950	2,100	2,200	2,200
Other	22,024	22,426	20,064	21,371	23,426	23,426

Total	318,243	316,663	315,440	329,175	345,784	345,684

Ending Stocks	nr	nr	nr	nr	nr	nr
China	28,856	25,146	32,340	39,380	39,180	42,180
Brazil	29,419	27,378	36,819	29,719	36,619	35,769
Argentina	24,838	23,691	16,997	24,847	29,547	28,247
United States	6,994	7,468	7,190	9,402	12,384	11,849
European Union	1,455	1,446	1,098	1,358	1,488	1,388
Other	6,708	7,453	6,168	6,544	8,678	8,329

Total	98,270	92,582	100,612	111,250	127,896	127,762

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.