02/04/2024
World Soybean Production 2023/2024
October 2023
This month the United States Department of Agriculture (USDA) estimates that the World Soybean Production 2023/2024 will be 399.50 million metric tons, around 1.82 million tons less than previous month's projection.
Soybean Production last year (*) was 370.24 million tons. This year's 399.50 estimated millions tons could represent an increase of 29.26 million tons or 7.90% in soybean production around the globe.
Next Update will be November 2023
Soybean Production by Country
(Values in Metric Tons)
Brazil: 163,000,000
United States: 111,703,000
Argentina: 48,000,000
China: 20,500,000
India: 11,000,000