Overview

Processed soybeans are the world's largest source of animal protein feed and the second largest source of vegetable oil. The United States is the world's leading soybean producer and the second-leading exporter. Soybeans comprise about 90 percent of U.S. oilseed production, while other oilseeds—including peanuts, sunflowerseed, canola, and flax—make up the remainder. 

ERS’ Outputs on Oil Crops

ERS provides a range of data products and reports on oil crops markets including domestic and international supply, demand, trade, and prices. Periodic, scheduled, outputs include:

  • Oil Crops Outlook, a monthly publication that provides supply and use projections for U.S. and global oil crops markets based on the most current World Agricultural Supply and Demand Estimates.
  • Oil Crops Yearbook Tables, an annual data set that provides statistics on U.S. supply and use of  Oilseed, oilmeal, and fats and oils. The data include oilseed acreage, yield, and production estimates and farm and wholesale price series.
  • Feed Grains Database, a searchable database containing statistics on soybeans and other oil crops.
  • Commodity Costs and Returns, a data product that provides annual estimates of production costs and returns for major field crops, including soybeans.
  • Agricultural baseline database, an annual report published in February that offers 10-year projections from USDA's annual long-term projections report. The database covers projections for soybeans, in addition to the other major feed crops and livestock.
  • U.S. Bioenergy Statistics, a dataset that includes U.S. ethanol and biodiesel production, consumption, and trade.

In addition to the periodic Outlook reports and data products, ERS publishes reports covering issues important to oil crops markets in the United States and around the world. Recent ERS reports relating to oil crops include:

Corn and Soybean Production Costs and Export Competitiveness in Argentina, Brazil, and the United States

The report explores export competitiveness of soybeans and corn in the U.S. Argentina, Brazil by comparing farm-level production costs, the cost of internal transportation and handling, and the cost of shipping to a common export destination. In addition, the report analyzes prices received by farmers and average yields to calculate producer returns in these countries.

USDA Agricultural Projections to 2026

The report anticipates moderate grains prices over the next 10 years, following near-term declines due to expected increases in global consumption and trade.

The 2014 Farm Act Agriculture Risk Coverage, Price Loss Coverage, and Supplemental Coverage Option Programs' Effects on Crop Revenue

The report examines the underlying mechanics of the Agriculture Risk Coverage, the Price Loss Coverage, and the  Supplemental Coverage Option programs to see how they affect producer revenues and risk as well as expected program costs.

The Effects of Premium Subsidies on Demand for Crop Insurance

Premium subsidies are a major factor in the current success of the Federal crop insurance program. This reports measures the change in crop insurance demand across multiple crops and regions following a legislated increase in subsidies. Findings reveal the influence of premium subsidies on participation in the program.

Genetically Engineered Crops in the United States

Farmer adoption of Genetically Engineered crops is associated with time savings, lower insecticide use, and more conservation tillage. Consumer acceptance of GE ingredients varies across countries, product characteristics, and level of information.