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U.S. 2017 Soybean Crop Statistics

December 2017

Crop year 2017 was a record year for U.S. soybean farmers. Several all-time records, and near-records were set for soybean production and soybean meal. The following table provides the most recent soybean supply and use information published by the U.S. Department of Agriculture. The 2017 soybean crop is still subject to some minor change based on the harvest. Soybean harvested acres and total production appear to be at an all-time high resulting in more soybeans being available for crush and/or export. Soybean yields are estimated at 49.5 bushels/acre nearly an all-time record which supports a record soybean production value of 4,425 million bushels. The record domestic soybean crop increases the volume of soybean meal available for use by the feed industry and for export sales. Over 46 million short tons of soybean meal will be available for the feed trade and export.

U.S. 2017 Soybean Crop Statistics - December 2017