For current Oil Crops Outlook monthly tables in Excel spreadsheets, click on the current Oil Crops Outlook report under Reports on the right side of the page.

Recommended Data

Oil Crops Yearbook Data provides key data on U.S. and world oilseed acreage, supply, demand, and prices. It includes data on U.S. soybeans, cottonseed, peanuts, sunflowerseed, other special oilseeds, tropical oils, corn oil, and animal fats, as well as extensive time series data sets on U.S. oilseeds markets.

Season-Average Price Forecasts provides three Excel spreadsheet models that use futures prices to forecast the U.S. season-average price and counter-cyclical payment rate for corn, soybeans, and wheat. Users can view the model forecasts or create their own forecasts by inserting different values for futures prices, basis values, or marketing weights.

Soybean Costs and Returns  provides data and analyses for regional and national categories back to 1975.

Foreign Agricultural Trade of the United States (FATUS) provides summaries of recent U.S. agricultural exports and imports, volume and value by country, commodity, and calendar year, fiscal year, and month. Some tables are updated monthly, while others are updated annually.

Food Consumption (Per Capita) Data System provides estimates availability for several hundred foods available for human consumption, including added fats and oils, as well as peanuts and tree nuts.

Global Agricultural Trade System (GATS) contains detailed agricultural trade data between the United States and its trading partners. Standard BICO reports are available for general information, and detailed queries can be performed by product group or HS code. Searches can be saved and results sent by email on a recurring basis.

Production, Supply, and Distribution (PS&D) contains official USDA data on production, supply, and distribution of agricultural commodities for the United States and major importing and exporting countries. The database provides projections for the coming year and historical data on major crop, livestock, fishery, and forest commodities from more than 200 countries.

WTO Agricultural Trade Policy Commitments Database contains data on implementation of trade policy commitments by WTO member countries. Data on domestic support, export subsidies, and tariffs are organized for comparison across countries. This database provides standard spreadsheets and custom queries to view and download data.

Quick Stats: Agricultural Statistics Database offers U.S., State, and County-level agricultural statistics for many commodities and data series. Quick Stats offers the ability to query by commodity, State, and year. The data set can be downloaded for easy use in a database or spreadsheet.

Selected Statistics

For current coverage of the soybean industry, see the ERS monthly newsletter
Oil Crops Outlook.

• U.S. soybean planted acreage:
     2007: 64.7 million acres
     2008: 75.7 million acres
     2009: 77.5 million acres
     2010: 77.4 million acres
     2011: 75.0 million acres
• Farm cash receipts, soybean production:
     2007: $27.0 billion
     2008: $29.5 billion
     2009: $32.1 billion
     2010: $37.6 billion
     2011: $40.2 billion (forecast)
• U.S. soybean production:   
     2007: 2,677 million bushels
     2008: 2,967 million bushels
     2009: 3,359 million bushels
     2010: 3,329 million bushels  
     2011: 3,060 million bushels (estimated)   
• Soybean production, top five States, 2011 (estimated):
     IA--468 million bushels
     IL--407 million bushels
     MN--287 million bushels
     NE--262 million bushels
     IN--222 million bushels
• U.S. soybean exports (crop year*):   
     2007: 1,159 million bushels
     2008: 1,279 million bushels
     2009: 1,499 million bushels
     2010: 1,501 million bushels
     2011: 1,375 million bushels (forecast)

• U.S. soybean exports as percent of production:       
     2007: 43 percent
     2008: 43 percent  
     2009: 45 percent  
     2010: 45 percent
     2011: 45 percent (forecast)  
• U.S. soybean exports by country, 2010/11
  Top five destinations:
     China--895 million bushels
     Mexico--124 million bushels
     European Union--87 million bushels
     Japan--75 million bushels
     Taiwan--56 million bushels

U.S. Soybean Prices

• Farm price for soybeans:    
     2007 crop year average: $10.10 per bushel
     2008 crop year average:   $9.97 per bushel
     2009 crop year average:   $9.59 per bushel
     2010 crop year average: $11.30 per bushel
     2011 crop year average: $13.15 per bushel (forecast)

*Crop year begins September 1 and ends August 31.

Last updated: Wednesday, October 10, 2012

For more information contact: Mark Ash