Exports continue to help generate demand for U.S. soybeans. Currently, the U.S. exports more than half of the soy produced domestically. Global demand for soybeans reached 284 million metric tons in the 2013/2014 marketing year and is estimated to grow more than 350 million metric tons by 2023/2024.
Rivers, trucks and barges help to move soybeans from farm to market.
Top buyers of whole soybeans:
China, Mexico and Indonesia
Top buyers of soybean meal:
Mexico, Philippines and Canada
Top buyers of soybean oil:
Mexico, China and Dominican Republic