Production and Trade
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.
Want More Data and Information?
See also:
Soybeans and Oil Crops Briefing Room
Oil
Crops Outlook report
Soybeans and oil crops related
links (includes other USDA agencies)
Brazil Briefing Room
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