- U.S.
should find new markets/uses for soya to reduce dependence on China. Before
imposing sanctions, the U.S. needs to think through impact because there exists
a perception it is not being done. The U.S. needs to revive its manufacturing
economy by becoming competitive. Ideas for India to explore helping U.S. soyabean
farmers.
Ever
since President Trump imposed tariffs on India we decided to explore various
facets of the U.S. economy. So I wrote, Explained Why the
U.S. IMPORTS Petroleum Products from India , Understanding U.S.
Economic Data, US Needs Indian
Pharma products and India needs US market and Look at the Trade
Deficit numbers after removing APPLE Exports to USA
According
to U.S.Importdata.com, “US food exports were worth $191 billion in 2024-25. The top US food exports include Soybeans ($24.58 billion), Corn ($13.92 billion), Beef ($10.45 billion), Nuts ($9.83 billion), and Pork ($8.63 billion). When combined with related industry agriculture is 5-6% of GDP.
Since China is buying Soya from Brazil and not the U.S. Soya in
the news. Thanks to Google search and the USDA Foreign Agricultural Service
site, found data. Read on for Tables and comments. To make it easier, presenting
in a Q&A format.
1. Which U.S. states are the largest producers of Soyabean?
They
are Illinois, Iowa, and Minnesota located in the Midwest region of the U.S. The Governor of Iowa
Kim R visited India recently for a trade & investment. A Search tells that, “Farmers in these regions often rotate soybeans with corn, a practice that benefits soil health and nutrient utilization, as soybeans are nitrogen-fixing legumes.”
The
harvest season in Midwest ends by October and in Arakanas by November. October
to January is considered peak season for U.S. soya.
2. Who are the Top 5 Producers of Soyabean in the world?
Table 1 In Marketing year
2024
Country
|
Million
Metric Tons-Mkting Yr 24
|
%
global output
|
Mkting
Yr 23
|
1.
Brazil
|
169
|
40
|
155
|
2.
USA
|
119
|
28
|
113
|
3.
Argentina
|
51
|
12
|
48
|
4.
China
|
21
|
5
|
21
|
5.
India
|
13
|
3
|
12
|
Source-USDA Foreign
Agricultural Service.
Brazil overtook the U.S. as the world’s largest soyabean producer with a substantial
lead in crop year 2021/22 (View Trends). India is a
minor player. Read Soyabean
Association India data on country-wise production from 2021-25
3. What is the value of U.S. Soyabeans exports by Value?
Table 2 Value of U.S.
Soyabean exports
Year
|
Million Metric Tons@
|
Billions
USD#
|
2024
|
NA
|
24.5
|
2023
|
46
|
27.7
|
2022
|
54
|
34.3
|
2021
|
59
|
27.4
|
2020
|
62
|
25.5
|
Source
@Soyastats.com Year is Marketing
Year # US Foreign
Agricultural Site
4. Who were the largest buyers of U.S. Soyabean in 2024?
Table 3 Largest buyers of
U.S. Soyabean
Country
2024
|
Value
Billion $
|
China
|
12.6
|
European
Union
|
2.4
|
Mexico
|
2.3
|
Indonesia
|
1.2
|
Egpyt
|
1.0
|
Source
US Foreign
Agricultural Site
Given that China
is a huge buyer and Brazil is a serious competitor, should the U.S. government have
been more careful while imposing sanctions on Brazil, considering China/Brazil are
founder of BRICS.
Further,
with Argentina and Chinese Presidents meeting and ties getting warmer, the U.S.
should have expected China to buy soya from Argentina.
5. Which countries are the largest importers of Soyabean?
Search
states China, European Union, Argentina and Mexico. According to this World Bank link, the largest importers in 2022 were –
Table 4 Largest Importers
of Soyabean
Country
2022
|
Value
Billion $
|
Metric
Tons
|
China
|
61
|
9108,1400
|
European
Union
|
8.8
|
NA
|
Egypt,
Arab Union
|
2.8
|
3714810
|
Mexico
|
2.6
|
NA
|
Japan
|
2.6
|
3503250
|
China is world’s largest buyer. Fall in U.S. export quantities means more supplies in the domestic market that might depress prices and reduce farmer profitability.Read Why does China import so much soyabean
6. Why is Soyabean consumed in China?
A search states, “Soybeans are a historically significant and versatile staple crop in China, valued for their high protein content, affordability, and ability to be transformed into a wide variety of foods like soy milk, tofu, and soy sauce. This culinary tradition is a cornerstone of Chinese cuisine, while the modern demand for soybeans is also driven by their use in animal feed to support a growing meat-eating population and their importance in the protein industry.”
A large part of China’s soyabeans are used to produce soy meal, a feed component for poultry, pig and fish farming. Remember Chinese eat a lot these products. When I visited Hongkong years ago, saw Chinese eats lots of non-veg. Soyabeans are also used to produce Edible Oil and Biofuels.

7. Over-dependence of the U.S. on the Chinese market
According
to Farmdocdaily.Ilinois , “In 2024, the United States shipments accounting for 51% of the nation’s total soybean exports that year. In 2025, U.S. soybean exports to China from January through August were 29% of total exports for the period. In June, July, and August, shipments to China were effectively zero.”
Like Indian exporters need to reduce dependence on the U.S.
market, the U.S. government should have diversified exports, what with
continuous cold war between the two strategic rivals.
Meanwhile
as a means to hit back at the U.S., China increased imports from Brazil, a
country that Trump administration imposed high tariffs on, form of punishment. Both
hit back where it hurts the US. Read about that here
“It is important to note that the United States’ reduced role in global soybean markets reflects not only weaker trade ties with China but also rising domestic demand. Soybean crush capacity in the United States has been growing since 2020. This expansion is primarily fueled by the increasing demand for soybean oil, particularly from the renewable diesel sector. In the past five years, the renewable diesel boom has spurred new demand for soybean oil as a feedstock in the production of biofuels.” Source Farmdocdaily
But we cannot take away from the fact that production quantities are falling,
Brazil is racing ahead.
In
India there is focus on storage esp. for wheat and rice. If China does not buy
U.S. soyabean post-harvest does the U.S. have enough storage capacity?
8. Why is so much of soya bean grown in Brazil?
A search states, “due to its extensive land availability, long growing seasons allowing for multiple harvests, a tropical climate suitable for soybeans, significant investments in research and technology, supportive government policies, and global demand for soybean-based animal feed.” Read Reuters report
9. Can India import Soya made Bio-Diesel from the U.S.?
If the U.S. has the capacity to produce bio-diesel in large quantities, it is something the government can consider because India has limited local manufacturing capacity. A search states, “The total U.S. biodiesel production capacity is around 2 billion gallons.”
Since
U.S. uses Genetically Modified seeds imports of soyaben shall not be acceptable
but for biodiesel should be ok.
10. What is the % of Bean Kernel in the soyabean?
App 80% is kernel. A search states, “Soybeans are crushed to yield about 20% oil and 80% soybean meal. The meal is a valuable co-product used as livestock feed.”
11. Can India help with regular Soyabean
Imports from the U.S.?
An Indian refinery, government owned or private
say Reliance Industries sets a dedicated plant to import pre-determined
quantities of Soya bean from the U.S. and Brazil to make biodiesel for export
and sale in domestic market.
Two issues arise. One, is it financially viable
given diesel prices. Two, is there adequate demand for livestock feed. What
impact would this stock of feed have on market prices in India and thereupon on
farmers? Does this idea make business sense?
India
must try to help the U.S. in a mutually beneficial way.
Learning – Any country that allows its manufacturing economy to fall, shall have problems sooner than later. Germany, China and Japan are where they are today because of having strong manufacturing companies. This is not to undermine contribution of services/technology firms and tourism.
12. Where is soyabean grown in India?
The biggest states are Madhya Pradesh and Maharashtra. A Search states, “Soybean is popular in India due to its high protein and oil content, fulfilling domestic demands for edible oil and animal feed, and providing nutritional security through essential amino acids. Additionally, its role as a leguminous crop that fixes atmospheric nitrogen benefits soil fertility, reducing the need for synthetic fertilizers in the farming system.” Read Imp of Soyabean in
India
Read
Soyabean
Association of India Table on State-wise production
USA needs to find new markets without holding a gun on importer country’s head.
Humility and Talking Less pays in most walks of life.
Also read
1.
China seems to be
shutting down imports of U.S. Soyabean – “For the first
time in two decades, China bought no soybeans from the United States for two
consecutive months and, more importantly, it also has no orders in for the coming peak season
i.e. October
to January.
2. China
buys Soya from Argentina – Argentina scrapped export taxes (temporary). China placed orders for 10 cargoes of Argentina soya.
3.
American Soyabean
Association
4.
US Dept of Agriculture – Quick Stats
5.
How
China won the Soyabean war against the U.S.
6.
Why
Brazil emerged as a global leader in soyabean production