Global Soybean Production Forecast to Reach New Record High

25-Apr-2026 04:29 PM

Chicago. In light of the potential for increased sowing and average yield rates in major producing and exporting nations, the International Grains Council (IGC) has projected that global soybean production will surge during the 2026-27 season,

reaching an all-time high of 441 million tonnes—a figure significantly higher than the 428 million tonnes produced in the 2025-26 season. The top five soybean-producing nations include Brazil, the United States, Argentina, China, and India. Additionally, the crop is cultivated in several other countries, including Uruguay, Paraguay, and Canada.

According to the IGC report, a global carryover stock of 75 million tonnes of soybeans is expected to remain at the end of the 2026-27 season. Global soybean trade is also projected to rise, reaching another record high of 191 million tonnes.

For the 2025-26 season, the Council has estimated that global soybean trade (imports and exports) will total 187 million tonnes, with a surplus stock of 78 million tonnes remaining at the end of the season. Soybean sowing has commenced in the United States, while harvesting is currently underway in Brazil and the U.S.