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Table 07: Soybeans: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  03/08/2024 12:00:31 PM  
 
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  2019/20 2020/21 2021/22 2022/23 Feb
2023/24
Mar
2023/24
Production nr nr nr nr nr nr
Brazil 128,500 139,500 130,500 162,000 156,000 155,000
United States 96,644 114,749 121,504 116,221 113,344 113,344
Argentina 48,800 46,200 43,900 25,000 50,000 50,000
China 18,092 19,602 16,395 20,284 20,840 20,840
India 9,300 10,456 11,889 12,411 11,000 11,000
Paraguay 10,553 9,642 4,183 10,050 10,300 10,300
Canada 6,145 6,359 6,224 6,543 6,981 6,981
Other 23,396 22,714 25,815 25,546 29,745 29,385
 
 
Total 341,430 369,222 360,410 378,055 398,210 396,850
 
Imports nr nr nr nr nr nr
China 98,532 99,740 90,297 104,500 102,000 105,000
European Union 15,017 14,786 14,544 13,141 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 6,100 6,100
Thailand 3,831 4,157 3,243 3,238 3,900 3,900
Japan 3,325 3,085 3,455 3,332 3,500 3,500
Egypt 4,956 3,687 4,566 1,992 3,100 3,100
Turkey 3,148 2,745 2,949 2,888 3,100 3,100
Iran 1,460 1,894 2,674 2,650 2,800 2,800
Taiwan 2,708 2,615 2,622 2,559 2,750 2,750
Other 21,687 21,864 21,164 18,230 20,398 20,328
 
 
Total 165,289 165,490 155,309 168,031 167,848 170,778
 
Exports nr nr nr nr nr nr
Brazil 92,135 81,650 79,063 95,505 100,000 103,000
United States 45,800 61,664 58,571 54,208 46,811 46,811
Paraguay 6,619 6,330 2,273 6,495 6,300 6,300
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 7,166 7,327 8,310 8,350
 
 
Total 165,821 165,182 154,218 171,960 170,571 173,611
 
Crush nr nr nr nr nr nr
China 91,500 95,000 90,000 96,000 98,000 98,000
United States 58,910 58,257 59,980 60,199 62,596 62,596
Brazil 46,742 46,500 50,712 53,096 53,750 53,000
Argentina 38,770 40,162 38,825 30,318 35,500 35,500
European Union 15,600 15,800 15,400 14,300 14,900 14,900
India 8,600 10,000 8,500 10,300 10,500 10,500
Mexico 6,000 6,200 6,350 6,650 6,480 6,480
Russia 4,650 4,500 4,800 5,400 5,900 5,900
Paraguay 3,500 3,325 2,200 3,450 3,500 3,500
Egypt 4,700 3,900 4,500 2,200 2,950 2,950
Iran 2,500 2,000 2,550 3,000 2,900 2,900
Bolivia 2,550 3,050 3,100 3,400 2,800 2,800
Japan 2,385 2,300 2,640 2,600 2,625 2,625
Thailand 2,610 2,800 2,500 2,100 2,550 2,550
Taiwan 2,080 2,050 2,075 1,950 2,100 2,100
Other 21,559 22,192 22,471 20,213 22,240 21,890
 
 
Total 312,656 318,036 316,603 315,176 329,291 328,191
 
Ending Stocks nr nr nr nr nr nr
China 24,484 28,856 25,146 32,340 36,030 37,580
Brazil 20,419 29,579 27,598 37,351 36,301 33,051
Argentina 26,650 25,060 23,903 17,209 25,959 25,959
United States 14,657 6,994 7,468 7,190 8,571 8,571
European Union 1,721 1,560 1,676 1,255 1,292 1,325
Other 7,597 6,217 8,135 6,804 7,873 7,782
 
 
Total 95,528 98,266 93,926 102,149 116,026 114,268
 
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.