Who is the largest supplier of soybeans?

Who is the largest supplier of soybeans?

Brazil
From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of 120.52 million metric tons in 2018/2019. As of May 2020, Brazil overtook the United States as the leading soybean producing country with a production volume of some 138 million metric tons in 2020/21.

What company makes soybeans?

Monsanto makes some 90 percent of soybean seeds sold. And the product patent means farmers have to buy them every year.

Who is number 1 in soybean production?

Illinois
Leading 10 soybean producing U.S. states 2017-2021 Illinois topped the list in 2021, with over 672 million bushels produced that year. Soybeans are among the major agricultural crops planted in the United States, behind only corn.

What state is the biggest soybean producer?

Soybean Production by State: Top 11 of 2016

Is China buying US soybeans?

BEIJING, March 2 (Reuters) – China bought soybeans from the United States on Tuesday as American cargoes were competitive against Brazilian shipments, despite it being the peak period for South American soy export.

What agribusiness buys soybeans?

For the US soybean crop—also the world’s biggest—ADM and Bunge are the top two buyers, Hendrickson found. Together with Cargill and Nebraska-based Ag Processing, they process 85 percent of US-grown soybeans.

How much does it cost to plant an acre of soybeans?

Average costs per acre for soybean ranged from $168 to $204 and average cost per bushel ranged from $3.30 to $4.19. Average returns per acre ranged from $62 to $194.

Where is China buying soybeans from now?

China is making big purchases of soybeans from Brazil, an unusual move for this time of year. The Asian nation needs soybeans to feed its expanding hog herds, and November is a prime time for the U.S. to sell its crops, having just finished the harvest.

What are the top 3 soybean producing countries?

1,000,000 tonnes