Global Soybean Crushing Expected to Increase

04-Feb-2026 08:52 PM

Mumbai. In Latin America, Brazil is once again projected to achieve a new record soybean production during the 2025-26 season, which comes as no surprise, as this growth has become a regular trend there.

Due to a consistent increase in planted area and favorable weather and rainfall conditions, soybean production in Brazil has been reaching new record levels in recent years.

However, the situation is not normal in neighboring Argentina. Dry and hot weather in most parts of Argentina, along with severe drought in some areas, has increased the risk to the soybean crop, leading to projected production cuts. Harvesting has already concluded in the US, while it has just begun in Latin American countries.

Brazil ranks first in soybean production and exports, followed by the US and Argentina. Soybean crushing in these three countries increased by 16 percent in the 2022-23 season compared to the previous year. Globally, soybean crushing has almost doubled over the past two decades, increasing from 185.7 million tons in 2005-06 to 366.4 million tons in 2024-25.

Argentina is the largest exporter of soybean oil because it exports significantly less whole soybeans compared to Brazil and the US, and its domestic consumption of soybean oil is also lower, resulting in a larger exportable surplus. India is its biggest buyer.