International Soybean Market

25-Mar-2025 08:14 AM

International Soybean Market
According to USDA’s weekly export inspection data, a total of 822,214 metric tons (30.21 crore bushels) of soybeans were shipped in the week ending March 20. This was 25% higher than the previous week and 4.7% higher than the same period last year. Despite tariffs, China remained the top destination, receiving 404,561 metric tons, followed by Egypt with 107,955 metric tons and Mexico with 71,685 metric tons.
So far in the marketing year, total shipments have reached 39.932 million metric tons (1.467 billion bushels), marking a 9.2% increase compared to the same period in 2024.
AgRural has estimated the 2024/25 soybean crop at 165.9 million metric tons, which is 2.3 million metric tons lower than their previous estimate. So far, 77% of the crop has been harvested, compared to 69% during the same period last year.