# Global soybean production poised for record growth | Agriculture Dive

> USDA projects global soybean production in 2024/25 to rise more than 6% to a record 422 million tons. U.S. soybean exports are forecast near 50 million tons on lower Brazilian supplies, and U.S. stocks are projected at a four-year high.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30294-global-soybean-production-poised-for-record-growth-agriculture-dive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record global supply and rising U.S. stocks point to softer soybean prices, while strong biofuel demand supports U.S. crush and meal and oil values.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +0.5% | +2.5% |
| SOY | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.3% | +0.0% |
| SOY | 2024-08-12 | [Soybean Futures Crumble Following Increased Acres, Record Yield and Production](https://feedsoft.ai/events/10465-soybean-futures-crumble-following-increased-acres-record-yield-and-production.md) | -8.7% | -2.7% |
| SOY | 2025-05-26 | [Datagro raises estimate for soybean and corn production 2024/25 - Revista Cultivar](https://feedsoft.ai/events/13497-datagro-raises-estimate-for-soybean-and-corn-production-2024-25-revista-cultivar.md) | -2.5% | -1.3% |
| SOY | 2017-08-31 | [StatsCan production report: canola and wheat production down but soybeans production up big - RealAgriculture](https://feedsoft.ai/events/69432-statscan-production-report-canola-and-wheat-production-down-but-soybeans.md) | +4.4% | +4.0% |
| SBO | 2024-11-11 | [Global soybean market faces challenges amid oilseed production decline \| Feed & Grain](https://feedsoft.ai/events/27430-global-soybean-market-faces-challenges-amid-oilseed-production-decline-feed-and.md) | -1.3% | -8.2% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |
| SBO | 2025-03-14 | [Global soybean crush forecast hits record high amid increased demand \| Feed & Grain](https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and.md) | +2.4% | +10.0% |

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/soybean-supply-record-prices-exports-biofuels/716046/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.