Soybean Meal
U.S. Soybean Meal Exports in 2024
Total Export Value
$6.35 Billion
Total Volume (Millions)
14.74 Metric Tons
3-Year Average
$6.59 Billion
Compound Average Growth
2.9% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Philippines | $1.01 Billion |
| Mexico | $896.71 Million |
| Canada | $680.27 Million |
| Colombia | $640.08 Million |
| Vietnam | $361.48 Million |
| Venezuela | $271.13 Million |
| Dominican Republic | $260.5 Million |
| Guatemala | $253.14 Million |
| European Union | $241.53 Million |
| Ecuador | $205.13 Million |
Data and Analysis
Indonesia's palm oil export estimate is revised down from the previous estimate to 22.8 MMT in 2024/25 due to the B40 mandate and reduced export demand.
Paraguay’s soybean production is forecast to rebound to 10.9 million metric tons (MMT) in MY2025/26 on improved weather and modest acreage gains, following weather-driven losses the previous year.
Marketing Year (MY) 2025/26 is forecast to see record low plantings of rapeseed oilseeds (rapeseed) in the United Kingdom (UK), down below 250 thousand hectares, with production falling below 750 thousand metric tons.
News and Features
Private exporters reported sales of 185,000 MT of soybean cake and meal for delivery to the Philippines during MY 2025/2026.
Private exporters reported sales of soybean meal to the Philippines and corn to Mexico.
Private exporters reported sales of corn, soybeans, and soybean cake and meal to unknown destinations.