Exports Account for 59 Percent of U.S. Soy Demand
In the 2014/15 marketing year, the United States exported more than 2.3 billion bushels of U.S. Soy, valued at more than $27 billion.
According to the U.S. Department of Agriculture, the final export total for the most recent marketing year, which ended September 30, includes more than 1.8 billion bushels of whole U.S. soybeans, meal from 552 million bushels of U.S. soybeans and oil from 172 million bushels.
Top buyers of whole U.S. soybeans in 2014/2015 include:
- China: 1.084 billion bushels
- Mexico: 130 million bushels
- Japan: 78 million bushels
Top importers of U.S. soybean meal include:
- Mexico: meal from 85 million bushels of U.S. soybeans
- Philippines: meal from 66 million bushels
- Canada: meal from 39 million bushels
Top buyers of U.S. soybean oil include:
- Mexico: oil from 46 million bushels of U.S. soybeans
- Dominican Republic: oil from 22 million bushels
- Peru: oil from 19 million bushels