# 2021 U.S. Soybean Outlook Remains Strong After Record First Quarter Export Volume | USDA Foreign Agricultural Service

> USDA FAS reports U.S. soybean export value reached $7.7 billion in Q1 2021, the second highest ever, nearly double the prior year. Volume growth reflects rebounding Chinese purchases after tariff removal and a delayed South American harvest.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/46425-2021-u-s-soybean-outlook-remains-strong-after-record-first-quarter-export
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong export demand and high prices support soybean and meal values, though a record Brazilian crop and expanding domestic crush may cap tonnage gains.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-25 | [Export Sales to Mexico and South Korea \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/23716-export-sales-to-mexico-and-south-korea-usda-foreign-agricultural-service.md) | -4.2% | +3.0% |
| SOY | 2025-05-09 | [Export Sales to Mexico and Pakistan \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/24634-export-sales-to-mexico-and-pakistan-usda-foreign-agricultural-service.md) | +1.4% | +2.0% |
| SOY | 2022-02-01 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/42668-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +6.1% | +14.4% |
| SOY | 2017-10-02 | [Private Exporters Report Sales Activity for Mexico and China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/68324-private-exporters-report-sales-activity-for-mexico-and-china-usda-foreign.md) | +0.4% | +0.7% |
| SOY | 2019-12-10 | [Secretary Perdue Statement on USMCA Agreement \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/55546-secretary-perdue-statement-on-usmca-agreement-usda-foreign-agricultural-service.md) | +2.8% | +4.6% |
| SBM | 2021-03-04 | [ExportPlanning - A record year for US Soybeans - ExportPlanning](https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning.md) | -3.0% | -1.7% |
| SBM | 2025-11-14 | [U.S.–China Soybean Deal: Comparing Past Export Levels and Global Market Impacts - Center for Commercial Agriculture](https://feedsoft.ai/events/7893-u-s-china-soybean-deal-comparing-past-export-levels-and-global-market-impacts.md) | -3.4% | -8.0% |
| SBM | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -1.5% | -3.0% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/2021-us-soybean-outlook-remains-strong-after-record-first-quarter-export-volume

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