Soybeans Price

Soybeans: 459 USD/mt (World, 2026-07). Source: World Bank.

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Notable price events

2007-08 global food price crisis — Drought in major exporting countries, combined with several governments restricting exports to protect domestic supply and growing demand for biofuel crops, pushed wheat, rice and corn to what were then record prices within about a year - triggering food riots in over 30 countries.
2012 US Midwest drought — The worst US drought in over 50 years cut the corn harvest roughly 13% below the prior year and pushed corn futures to a then-record above $8/bushel - the costliest agricultural disaster in US history at an estimated $30 billion in losses.

About Soybeans

A major oilseed crushed into soybean oil (cooking oil, biodiesel) and soybean meal (animal feed, especially poultry and pork). Brazil and the US are the two largest producers and exporters, with China by far the largest buyer — Chinese import demand and US-China trade relations are unusually influential on soybean prices. That was on full display in 2018, when China's retaliatory tariffs on US soybeans during the trade dispute cut US exports sharply and permanently shifted more of China's buying toward Brazil, reshaping global trade flows in a way that outlasted the tariffs themselves.

Latest US daily cash price (USDA AMS, averaged across reporting states): $12.59/bu on 2026-08-28.

USDA's WASDE report projects a $11.40/bu season-average price for the 2026/27 marketing year (+10% vs. $10.40/bu estimated for 2025/26).

Latest World price (2026-07): -13% vs. the 5-year average, -3% vs. the 10-year average, +12% vs. a year ago.

Top Soybeans Producers

Rank	Country
1	Brazil	152,144,238 t	3.4 t/ha
2	United States	113,272,630 t	3.4 t/ha
3	Argentina	25,044,978 t	1.7 t/ha
4	China	20,841,700 t	2.0 t/ha
5	India	13,061,989 t	1.0 t/ha
6	Paraguay	10,197,050 t	2.8 t/ha
7	Canada	6,980,525 t	3.1 t/ha
8	Russia	6,820,000 t	1.9 t/ha
9	Ukraine	4,742,550 t	2.6 t/ha
10	Bolivia	3,670,464 t	2.0 t/ha
11	South Africa	2,770,000 t	2.4 t/ha
12	Nigeria	1,500,000 t	1.2 t/ha
13	Italy	1,095,940 t	3.5 t/ha
14	Zambia	760,067 t	1.3 t/ha
15	Uruguay	647,800 t	0.6 t/ha
16	Serbia	599,878 t	2.8 t/ha
17	Benin	520,929 t	1.0 t/ha
18	France	387,820 t	2.5 t/ha
19	Indonesia	326,493 t	1.5 t/ha
20	Romania	320,800 t	2.3 t/ha
21	Austria	274,960 t	3.1 t/ha
22	Japan	260,800 t	1.7 t/ha
23	Ghana	260,000 t	1.9 t/ha
24	Togo	260,000 t	1.0 t/ha
25	Malawi	235,487 t	0.9 t/ha
26	Ethiopia	220,000 t	2.4 t/ha
27	Croatia	213,020 t	2.8 t/ha
28	Kazakhstan	203,922 t	2.0 t/ha
29	Mexico	199,163 t	2.2 t/ha
30	Colombia	197,882 t	2.3 t/ha
31	Uganda	194,000 t	1.0 t/ha
32	Iran	190,000 t	2.4 t/ha
33	Egypt	188,158 t	3.0 t/ha
34	North Korea	180,000 t	1.2 t/ha
35	Hungary	173,310 t	3.0 t/ha
36	South Korea	141,477 t	2.1 t/ha
37	Türkiye	137,500 t	4.2 t/ha
38	Myanmar (Burma)	135,000 t	1.0 t/ha
39	Slovakia	132,810 t	2.6 t/ha
40	Burkina Faso	129,225 t	1.1 t/ha
41	Germany	129,000 t	2.9 t/ha
42	Cameroon	107,469 t	1.7 t/ha
43	Bangladesh	107,307 t	1.8 t/ha
44	Zimbabwe	71,000 t	1.5 t/ha
45	Czechia	63,390 t	2.4 t/ha
46	Mozambique	60,000 t	1.1 t/ha
47	Australia	52,000 t	2.5 t/ha
48	Cambodia	49,000 t	1.4 t/ha
49	Vietnam	48,103 t	1.6 t/ha
50	Poland	47,030 t	2.6 t/ha
51	Angola	44,640 t	1.1 t/ha
52	Guatemala	43,000 t	2.5 t/ha
53	Tanzania	38,850 t	1.2 t/ha
54	Moldova	38,419 t	1.6 t/ha
55	Nepal	36,672 t	1.4 t/ha
56	Rwanda	29,622 t	0.4 t/ha
57	Belize	29,101 t	1.8 t/ha
58	Bosnia & Herzegovina	28,127 t	2.2 t/ha
59	Congo - Kinshasa	27,695 t	0.6 t/ha
60	Mali	23,726 t	0.6 t/ha
61	Uzbekistan	18,530 t	2.7 t/ha
62	Thailand	16,899 t	1.6 t/ha
63	Ecuador	13,112 t	1.5 t/ha
64	Kenya	10,100 t	0.9 t/ha
65	Nicaragua	10,000 t	2.5 t/ha
66	Venezuela	9,327 t	1.8 t/ha
67	Slovenia	7,880 t	2.6 t/ha
68	Sri Lanka	7,780 t	2.0 t/ha
69	Spain	7,670 t	3.1 t/ha
70	Laos	7,540 t	2.5 t/ha
71	Switzerland	6,949 t	2.3 t/ha
72	Bulgaria	6,070 t	1.7 t/ha
73	Afghanistan	6,000 t	2.0 t/ha
74	Taiwan	5,955 t	1.3 t/ha
75	El Salvador	5,404 t	1.9 t/ha
76	Gabon	4,008 t	0.9 t/ha
77	Liberia	3,406 t	0.4 t/ha
78	Georgia	3,000 t	3.0 t/ha
79	Peru	2,722 t	2.2 t/ha
80	Kyrgyzstan	2,675 t	1.8 t/ha
81	Burundi	2,202 t	0.4 t/ha
82	Honduras	2,194 t	2.0 t/ha
83	Syria	2,133 t	1.8 t/ha
84	Lithuania	1,710 t	1.4 t/ha
85	Cuba	1,000 t	2.5 t/ha
86	Morocco	1,000 t	1.0 t/ha
87	Timor-Leste	852 t	0.9 t/ha
88	Greece	760 t	0.4 t/ha
89	Philippines	616 t	1.8 t/ha
90	Côte d’Ivoire	568 t	1.5 t/ha
91	Albania	519 t	2.9 t/ha
92	Sierra Leone	365 t	1.0 t/ha
93	Panama	97 t	0.3 t/ha
94	Bhutan	66 t	0.7 t/ha
95	North Macedonia	63 t	1.7 t/ha
96	Luxembourg	50 t	1.7 t/ha
97	Madagascar	48 t	0.6 t/ha
98	Iraq	34 t	0.8 t/ha
99	Azerbaijan	30 t	0.6 t/ha
100	Tajikistan	21 t	0.3 t/ha
101	French Polynesia	15 t	2.0 t/ha
102	Pakistan	7 t	0.6 t/ha
103	Suriname	3 t	1.1 t/ha

FAOSTAT production data, 2023. World average yield: 2.7 t/ha.

Top Soybeans Importers

Rank	Country
1	China	103,383,644 t
2	Argentina	10,367,695 t
3	Mexico	6,353,615 t
4	Netherlands	3,571,256 t
5	Spain	3,327,329 t
6	Thailand	3,284,969 t
7	Germany	3,193,289 t
8	Japan	3,155,527 t
9	Türkiye	2,902,041 t
10	Iran	2,700,000 t
11	Taiwan	2,542,544 t
12	Egypt	2,411,498 t
13	Italy	2,320,446 t
14	Indonesia	2,274,428 t
15	Vietnam	1,852,317 t
16	Bangladesh	1,773,078 t
17	Algeria	1,481,087 t
18	Russia	1,385,233 t
19	South Korea	1,297,858 t
20	Portugal	921,788 t
21	United Kingdom	909,123 t
22	India	724,939 t
23	Iraq	717,734 t
24	United States	662,987 t
25	Malaysia	641,174 t
26	Pakistan	611,064 t
27	Saudi Arabia	559,536 t
28	Tunisia	532,908 t
29	Colombia	484,784 t
30	France	459,822 t
31	Canada	439,743 t
32	Norway	362,788 t
33	Belgium	358,428 t
34	Belarus	326,800 t
35	Costa Rica	271,922 t
36	Venezuela	263,650 t
37	Israel	252,459 t
38	Peru	227,744 t
39	Greece	204,610 t
40	Brazil	181,024 t
41	Romania	174,662 t
42	Hungary	169,840 t
43	Poland	159,541 t
44	Austria	150,790 t
45	Philippines	148,506 t
46	Togo	144,536 t
47	Serbia	107,607 t
48	Nepal	98,300 t
49	Slovenia	85,997 t
50	Chile	63,006 t
51	Afghanistan	60,359 t
52	Kazakhstan	58,384 t
53	Lebanon	46,971 t
54	Denmark	44,753 t
55	Moldova	42,195 t
56	Slovakia	41,164 t
57	Morocco	36,386 t
58	Uruguay	34,470 t
59	Panama	34,425 t
60	Tanzania	34,243 t
61	Czechia	33,890 t
62	Dominican Republic	32,923 t
63	Ireland	27,908 t
64	Uzbekistan	26,911 t
65	Barbados	24,590 t
66	Zimbabwe	24,481 t
67	Singapore	21,936 t
68	Croatia	20,726 t
69	Finland	20,563 t
70	Hong Kong SAR China	20,425 t
71	Sweden	14,102 t
72	Azerbaijan	12,795 t
73	Switzerland	11,089 t
74	Myanmar (Burma)	10,328 t
75	Cuba	10,000 t
76	Paraguay	9,541 t
77	Jordan	8,794 t
78	Bosnia & Herzegovina	8,592 t
79	Brunei	7,559 t
80	Turkmenistan	7,363 t
81	Rwanda	7,158 t
82	Côte d’Ivoire	5,913 t
83	Cambodia	5,495 t
84	Sri Lanka	5,030 t
85	North Korea	5,000 t
86	Mozambique	4,801 t
87	Bolivia	4,574 t
88	Botswana	4,414 t
89	South Africa	3,980 t
90	United Arab Emirates	3,010 t
91	Kyrgyzstan	2,776 t
92	Nigeria	2,740 t
93	Timor-Leste	2,529 t
94	New Zealand	2,484 t
95	Uganda	1,900 t
96	Ukraine	1,875 t
97	Australia	1,548 t
98	Mauritania	1,500 t
99	Kenya	1,122 t
100	Ghana	1,050 t
101	Bulgaria	1,035 t
102	St. Vincent & Grenadines	1,021 t
103	Senegal	959 t
104	Gabon	959 t
105	Montenegro	896 t
106	Armenia	739 t
107	Mauritius	694 t
108	New Caledonia	674 t
109	Lithuania	643 t
110	Macao SAR China	542 t
111	Chad	492 t
112	Laos	424 t
113	Guatemala	420 t
114	Trinidad & Tobago	366 t
115	Malawi	359 t
116	Guyana	318 t
117	Zambia	312 t
118	Angola	298 t
119	Sudan	280 t
120	Mongolia	241 t
121	Tajikistan	200 t
122	Luxembourg	190 t
123	Latvia	133 t
124	St. Kitts & Nevis	122 t
125	Oman	116 t
126	Suriname	101 t
127	Eswatini	78 t
128	St. Lucia	75 t
129	El Salvador	73 t
130	Lesotho	72 t
131	Kuwait	69 t
132	Congo - Brazzaville	64 t
133	Syria	58 t
134	Jamaica	52 t
135	Burkina Faso	40 t
136	Cyprus	37 t
137	Estonia	34 t
138	Djibouti	27 t
139	Bahamas	26 t
140	Somalia	21 t
141	Congo - Kinshasa	20 t
142	Malta	19 t
143	Iceland	19 t
144	Fiji	16 t
145	Yemen	14 t
146	Belize	11 t
147	Bahrain	11 t
148	North Macedonia	10 t
149	Seychelles	9 t
150	Liberia	8 t
151	Solomon Islands	7 t
152	Sierra Leone	4 t
153	Ethiopia	4 t
154	Maldives	3 t
155	Nicaragua	3 t
156	Libya	3 t
157	Madagascar	3 t
158	Faroe Islands	3 t
159	French Polynesia	2 t
160	Namibia	2 t
161	Gambia	1 t
162	Georgia	1 t
163	Guinea	1 t
164	Niger	1 t
165	Antigua & Barbuda	1 t
166	Burundi	1 t
167	Cape Verde	1 t
168	Honduras	1 t
169	Grenada	1 t
170	Bhutan	0 t
171	Cameroon	0 t
172	Albania	0 t
173	Equatorial Guinea	0 t
174	South Sudan	0 t
175	Marshall Islands	0 t
176	Tonga	0 t
177	São Tomé & Príncipe	0 t
178	Guinea-Bissau	0 t
179	Palau	0 t
180	Micronesia (Federated States of)	0 t

FAOSTAT trade data, 2023.

Top Soybeans Exporters

Rank	Country
1	Brazil	101,869,901 t
2	United States	48,718,703 t
3	Paraguay	6,494,845 t
4	Canada	4,469,498 t
5	Ukraine	3,489,892 t
6	Argentina	1,853,776 t
7	Russia	1,385,792 t
8	Netherlands	794,253 t
9	Uruguay	775,459 t
10	South Africa	688,969 t
11	Bolivia	459,179 t
12	Croatia	223,806 t
13	Ethiopia	207,604 t
14	Hungary	149,174 t
15	Romania	132,776 t
16	France	121,402 t
17	Togo	121,087 t
18	Slovakia	114,317 t
19	Austria	105,557 t
20	Tanzania	100,520 t
21	Nigeria	98,137 t
22	Zambia	91,902 t
23	Belgium	88,279 t
24	Mozambique	86,428 t
25	Türkiye	80,080 t
26	Poland	79,140 t
27	China	71,398 t
28	Pakistan	70,933 t
29	Ghana	61,608 t
30	Slovenia	60,104 t
31	Malawi	57,897 t
32	Kazakhstan	46,120 t
33	Moldova	41,760 t
34	Czechia	40,645 t
35	Burkina Faso	30,140 t
36	Germany	26,970 t
37	India	22,477 t
38	Uganda	21,484 t
39	Sudan	17,514 t
40	Italy	17,366 t
41	Cambodia	13,820 t
42	Malaysia	9,888 t
43	Bosnia & Herzegovina	8,821 t
44	Portugal	7,720 t
45	Australia	5,293 t
46	Serbia	4,914 t
47	Spain	4,006 t
48	Vietnam	3,984 t
49	Chile	3,566 t
50	Azerbaijan	3,002 t
51	Côte d’Ivoire	2,648 t
52	United Kingdom	2,575 t
53	Indonesia	2,561 t
54	Mali	2,277 t
55	Latvia	2,036 t
56	Ireland	1,342 t
57	Turkmenistan	1,340 t
58	Denmark	1,315 t
59	Greece	1,146 t
60	United Arab Emirates	975 t
61	Lithuania	717 t
62	Hong Kong SAR China	601 t
63	Myanmar (Burma)	484 t
64	Eswatini	456 t
65	Cameroon	324 t
66	Thailand	299 t
67	Singapore	287 t
68	Peru	264 t
69	Botswana	218 t
70	Nicaragua	175 t
71	Japan	140 t
72	Syria	139 t
73	Sweden	134 t
74	Bulgaria	60 t
75	Switzerland	60 t
76	Iran	57 t
77	Zimbabwe	56 t
78	South Korea	49 t
79	Madagascar	48 t
80	Taiwan	44 t
81	Ecuador	38 t
82	Saudi Arabia	27 t
83	Rwanda	26 t
84	Laos	25 t
85	Kenya	23 t
86	Luxembourg	21 t
87	Belarus	20 t
88	Egypt	18 t
89	Sri Lanka	16 t
90	Estonia	12 t
91	Nepal	11 t
92	Algeria	10 t
93	Guatemala	10 t
94	Uzbekistan	10 t
95	Costa Rica	3 t
96	Norway	2 t
97	Bahrain	1 t
98	Mauritius	1 t
99	Guyana	1 t
100	South Sudan	1 t
101	Congo - Brazzaville	1 t
102	Angola	1 t
103	Macao SAR China	1 t
104	Trinidad & Tobago	0 t
105	Jamaica	0 t
106	Honduras	0 t
107	Yemen	0 t
108	Guinea	0 t
109	Tajikistan	0 t
110	Morocco	0 t
111	Iraq	0 t
112	Colombia	0 t
113	Armenia	0 t
114	Libya	0 t
115	Bangladesh	0 t
116	New Zealand	0 t
117	Finland	0 t
118	North Macedonia	0 t

FAOSTAT trade data, 2023.

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