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U.S. Soybean Supply

September 2016

The following table provides the most recent soybean supply and use information published by the U.S. Department of Agriculture. While the 2016 soybean crop is still subject to some change based on the harvest, there are trends. Average soybean yields and total production are at an all-time high resulting in more soybeans being available for crush and/or export. Soybean yields are estimated at 50.6 bushels per acre which supports a total soybean production value of 4,201 million bushels. The increased domestic soybean meal production increases the volume of soybean meal available for use by the feed industry and for export sales. The 2016/17 projected values for acres harvested, soybean yield, total production and soybean meal use are impressive.

US Soybean Supply and US Soybean Meal Use - September 2016