Soy Stats™, A Reference Guide To Important Soybean Facts & Figures, is a comprehensive resource for statistical information about the U.S. soybean industry and its relationship to world oilseed production. Publication of the Soy Stats Online Guide here on
SoyStats.com will make this information available to millions of people in the United States and around the world.
This resource is made possible through the financial support of the Illinois Soybean Association, Indiana Soybean Alliance, Minnesota Soybean Research & Promotion Council, North Dakota Soybean Council, Ohio Soybean Council, Iowa Soybean Association, South Dakota Soybean Research & Promotion Council, and the Kentucky Soybean Board.
Soybeans were planted on 75.5 million acres (30.6 million hectares) in 2006, producing a record 3.188 billion bushels (86.77 million metric tons) of soybeans. The average price paid to farmers, $6.20 per bushel ($228 per metric ton). The total 2006 crop value exceeded $19.7 billion.
In 2006, soybeans represented 57 percent of world oilseed production, and 38 percent of those soybeans were produced in the United States. The United States exported a record 1.1 billion bushels (29.9 million metric tons) of soybeans, which accounted for 42 percent of the world's soybean trade.
U.S. soybean and product exports were $8.9 billion in 2006. China was the largest customer for U.S. soybeans with purchases totaling $2.5 billion. Mexico was the second largest market for U.S. soybeans with purchases of $906 million. Other significant buyers included Japan with purchases of $863, and the European Union with purchases of $720 million.
Mexico was the largest customer for U.S. soybean meal at $377 million, Canada was second with purchases of
$283 million, and The Philippines was third with purchases of $123 million. Mexico was the largest customer for U.S. soybean oil with purchases of $60 million, and China was second with purchases of $59 million.
Domestically, soybeans provided 75 percent of the edible consumption of fats and oils in the United States. The domestic crush level was a record 1,780 million bushels (48.4 million metric tons), with U.S. ending stocks of soybeans at 595 million bushels (16.2 million metric tons).
The menu located at the top left of your browser window provides access to the various sections of the Soy Stats Online Guide. For a quick look at all the available information, see the Table of Contents.
