World Soybean Production (Ranking By Country)
The world is projected to produce 388.0 million metric tons of soybeans, down 3.161 million metric tons from last month.
World Soybean Production (Ranking By Country)
The world is projected to produce 388.0 million metric tons of soybeans, down 3.161 million metric tons from last month.
Foreign 2022/23 soybean production is lowered 1.3 million tons as lower production for Argentina and Uruguay is partly offset by higher production for China and Brazil. Argentina’s soybean crop is reduced 4 million tons to 45.5 million on lower area and early season heat and dry weather conditions. China’s soybean crop is increased 1.9 million tons to 20.3 million on reports from China’s National Bureau of Statistics. Brazil’s crop is increased 1.0 million tons to 153.0 million on higher area.
Brazil is projected to be the largest producer of soybeans in the world followed by the United States & Argentina.
The United States is projected to produce 116.4 million metric tons of soybeans, down 1.89 million metric tons from last month.
