• Which countries export soybeans?
  • USDA, FAS tracks current U.S. export sales of soybeans, soybean meal, and soybean oil by destination on a weekly basis. The main export destinations for U.S. oilseeds, oilseed meal, and vegetable oil include China, the European Union (EU), Japan, Mexico, and Taiwan. Other important markets include Indonesia, South Korea, and Thailand.
  • Why did soybean oil exports increase in November 2021?
  • Consequently, the production estimate for soybean oil is raised by 175 million pounds to 25.91 billion and lowered for soybean meal by 200,000 short tons to 51.5 million. Soybean oil exports were 76.4 million pounds higher in November 2021 than in November 2020 due in part to strong Indian demand.
  • How much soybean oil is produced per bushel?
  • As a result, the 2021/22 extraction rate for soybean oil was raised by 0.08 pounds of oil per bushel to 11.83 and lowered by 0.2 pounds of soybean meal per bushel to 47.0. Consequently, the production estimate for soybean oil is raised by 175 million pounds to 25.91 billion and lowered for soybean meal by 200,000 short tons to 51.5 million.
  • How many MT of corn & soybean oil did private exporters sell?
  • Private exporters reported the following sales activity: 150,000 MT of corn for delivery to Mexico during MY 2023/2024 and 20,000 MT of soybean oil for delivery to unknown destinations during MY 2022/2023.
  • What percentage of soybeans are processed into oil?
  • Although some of the crop is used directly, more than 80 percent of the crop is processed into soybean meal and oil through crushing. Divergent demand for protein meal and vegetable oil, as well as limits on domestic processing capacity, determine the ratio of oilseeds to oilseed products that countries import.
  • What is the value of oil & soybean exports?
  • In the early 2000s, the value of U.S. oilseed and product exports averaged more than $9 billion, nearly half the farm-level value of production. By fiscal year (FY) 2021, the value of soybean exports alone had increased to more than $26.4 billion.