top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel NewsWomen in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

  • By Lynda Kiernan-Stone, Global AgInvesting Media

U.S. Soybean Farmers Losing Global Market Share to Brazil

Soybean production in both the U.S. and Brazil is booming. The U.S. is expected to harvest its second largest soybean crop on record, but, Brazil is gaining global market share at the U.S.’s expense.

Analysts expect the forthcoming U.S. Department of Agriculture (USDA) estimate to state that U.S. soybean production will equal 3.841 billion bushels – a 20% increase over the 10 year average according to a Bloomberg News survey. After combining the new crop with U.S. reserves still on hand from the record crop last year, the country will have the highest soybean supply on record. As a result, soybean futures have fallen by 14% and are expected to continue falling.

Adding to this glut is record production out of Brazil, and although the country is in the midst of an economic slowdown, its weakening currency is making it a tough competitor on global markets, especially in China.

In general, China’s soybean imports are increasing, with the bulk of the supply coming from Brazil. Last month China’s imports totaled 7.78 million tons – a 29% increase for the month year on year, after imports in July reached a record.

Until recently, Brazil’s ports were mired in bottlenecks and delays, but due to both public and private infrastructure investments, the country is gaining the capacity to meet overseas demand, while the falling real is giving the country a price advantage over the U.S. creating a challenging landscape for U.S. exports.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image


Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration:

bottom of page