Soybeans producers

Country-level production data for soybeans.

RankCountryProduction (MT)Share %Notes
1Brazil160,000,00040Mato Grosso, Parana, Rio Grande do Sul, Goias. Record production 160+ MMT. Safrinha (second crop) increasingly important.
2USA116,000,00029Iowa, Illinois, Minnesota, Indiana, Nebraska. Strong yields; 50-52 bu/acre national average.
3Argentina50,000,00012.5Buenos Aires, Cordoba, Santa Fe. Recovery from 2023 drought (production fell to 21 MMT). Most crushed domestically; meal/oil exports dominate.
5India13,000,0003Madhya Pradesh, Maharashtra, Rajasthan. Mostly domestic consumption.
6Paraguay10,000,0002.5Alto Parana, Itapua. Major exporter for size.
7Canada6,500,0001.5Ontario, Manitoba
8Ukraine4,500,0001Central/Southern regions
9Russia4,500,0001Far East, Central regions
10Bolivia3,500,0000.9Santa Cruz

Major importers

  • China Heilongjiang, Henan, Anhui. Major net importer despite domestic production.
  • China 75-80% of all globally-traded soybeans. Overwhelmingly dominant buyer. Sinograin state stockpiling adds volatility.
  • EU-27 Crushing + direct feed use. Mostly Brazilian + Argentine origin.
  • Mexico Crushing for domestic meal/oil. USMCA framework.
  • Egypt
  • Japan Food (non-GMO IP premium) + feed
  • Thailand
  • Indonesia
  • Taiwan
  • Turkey