Overview
- Processed soybeans are the largest source of protein
feed and the second largest source of vegetable
oil in the world.
- The United States is the world's leading soybean producer and exporter.
- Farm value of U.S. soybean production in 2008/09
was $29.6 billion, the second-highest value among U.S.-produced
crops, trailing only corn.
- Soybean and soybean product exports accounted for
54 percent of U.S. soybean production in 2008/09.
- Soybeans are about 90 percent of U.S. total oilseed
production, while other oilseeds—such as cottonseed,
peanuts, sunflowerseed, canola, flax, and safflower—account
for the remainder.
ERS analyzes events in the domestic and
international oilseed markets that influence supply, demand,
trade, and prices.
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