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  • How much is the global soybean industry worth?
  • The global soybean sector is worth USD 155 billion and is projected to reach USD 278 billion by 2031, with a compound annual growth rate (CAGR) of 6% (Persistence Market Research, 2023).
  • What are the soybean market prices based on?
  • The Soybean market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.
  • What are the global price indicators for soybeans?
  • Another important global price indicator for soybeans is the Dalian Exchange Contract from China, as the country is the world’s largest soybean consumer and importer, with around 60% of the worldwide market share (Orient Futures Singapore, 2022). Price fluctuations in the last decade have afected the soybean market.
  • Which country imports the most soybeans?
  • China is the biggest importer of soybeans (60% of total imports) followed by the European Union, Mexico, Japan and Taiwan. The Soybean market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
  • How did global soybean prices change in 2019?
  • In 2019, an increase in global soybean inventories due to higher production in South America and lower global consumption also put downward pressure on international soybean prices; the average price that year was 20% below the last decade’s average (United States Department of Agriculture [USDA], 2021).
  • What will the global soybean market look like in 2025?
  • Consequently, we expect VSS-compliant soybean production to range from 4.35 Mt to 7.72 Mt by 2025. Weather conditions and geopolitical dynamics are the main drivers of price volatility in the global soybean market. Pricing is important, as it can determine if soybean producers stand to gain financially from complying with a VSS.