Market insight papers
The soybean complex in Brazil
Brazil leads soybean production; crushing expands, meal exports grow, and soybean oil is mainly consumed by the biodiesel sector.
- Brazil leads global soybean production with a record 171.4mn‑t crop and strong gains in planted area and productivity.
- The crushing industry processed over 58mn t, boosting meal and oil output, with meal production and exports continuing to rise.
- Brazil is the world’s top exporter of soybeans and the second‑largest exporter of soybean meal, driven by strong Chinese demand.
- Soybean oil is mostly consumed domestically, primarily by the biodiesel sector, which absorbs the majority of output.
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