Soy StatsÒ,
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.
Major
funding for the 2008 edition of Soy StatsÒ was provided by the United Soybean Board, with
additional financial support of the Illinois Soybean Association,
Indiana Soybean Alliance, Iowa Soybean Association,
Ohio
Soybean Association, South Dakota
Soybean Research & Promotion Council, North Dakota Soybean
Council, the U.S. Soybean Export Council, Minnesota Soybean Research
& Promotion Council, North Carolina Soybean Producers Association,
Arkansas Soybean Association and Texas Soybean Association.
Soybeans were planted on 63.6 million acres (25.7 million hectares) in
2007, producing 2.585 billion bushels (70.36 million metric tons) of
soybeans. The average price paid to farmers was $10.40 per bushel
($382 per metric ton). The total 2007 crop value exceeded $26.8
billion.
In 2007, soybeans represented 56 percent of world oilseed production,
and 32 percent of those soybeans were produced in the United States.
The United States exported 1.0 billion bushels (27.9 million metric
tons) of soybeans, which accounted for 37 percent of the world's
soybean trade.
U.S. soybean and product exports were $12.9 billion in 2007. China was
the largest customer for U.S. soybeans with purchases exceeding $4.1
billion. Mexico was the second largest market for U.S. soybeans with
purchases exceeding $1.1 billion. Other significant buyers included
Japan with purchases of $1.1 billion, and the European Union with
purchases of $1.0 billion.
Mexico was the largest customer for U.S. soybean meal at $439 million,
Canada was second with purchases of $352 million, and The Philippines
was third with purchases of $190 million. China was the largest
customer for U.S. soybean oil with purchases of $160 million, and
Mexico was second with purchases of $136 million.
Domestically, soybeans provided 71 percent of the edible consumption
of fats and oils in the United States. The domestic crush level was a
record 1,835 million bushels (49.95 million metric tons), with U.S.
ending stocks of soybeans at 140 million bushels (3.8 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.
