Overview
- Processed soybeans are the largest source of protein feed and the second largest source of vegetable oil in the world.
- The United States is the world's leading soybean producer and exporter.
- Farm value of U.S. soybean production in 2007/08 was $27 billion, the second-highest value among U.S.-produced crops, trailing only corn.
- Soybean and soybean product exports accounted for 43 percent of U.S. soybean production in 2007/08.
- Soybeans are about 90 percent of U.S. total
oilseed production, while other oilseeds—such as
cottonseed, sunflowerseed, canola, and peanuts—account for
the remainder.
ERS analyzes events in the domestic and
international oilseed markets that influence supply, demand,
trade, and prices.
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