Soybeans: Market Size & Forecast 2026

The global soybean market is valued at approximately USD 165 billion in 2025 (base year), produced across 426.8 million metric tons of global output. We estimate a 4.2 percent CAGR through 2032, reaching roughly USD 220 billion by the forecast year. The market sits in a structurally tight supply-demand balance: Brazilian production has surged past 175 million metric tons, displacing U.S. origin in Chinese import channels, while U.S. domestic crush for biodiesel has created a competing pull on the same physical beans. U.S. season-average farm prices have risen from USD 10.25 per bushel in MY 2025/26 to a projected USD 11.09 per bushel in MY 2026/27, driven by Chinese duty-retaliatory demand compression and biofuel pull. Buyer Power Score stands at -1.8 on the -5.0 to +5.0 scale, reflecting supplier-favoring conditions rooted in concentrated upstream seed supply, geopolitical trade exposur

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