2025 USDA Agricultural Outlook Report (Part 1): Forecast of soybean supply and demand trends in the next decade | Soybean trade environment and supply and demand market

Published Mar 16, 2025

Tridge summary

The article provides a comprehensive forecast of the soybean market trade environment and supply and demand trends for the next decade. It discusses the global economic outlook, projecting moderate growth with some uncertainty. Despite a dip in 2025, global GDP is expected to grow at a steady 2.7% annually, with high-income countries growing at 1.7% and low-income countries at a faster 5.0%. The US soybean planting area is projected to expand, and soybean prices are anticipated to experience fluctuations.

Global soybean production is expected to increase by 16.1% from 2025/26 to 2034/35, with Brazil and India leading the expansion. Soybean crushing is also expected to grow, reaching 415.7 million tonnes in 2034. Demand for soybean meal for feed production is set to increase by 19.2% by 2034/35, with China being the world's largest consumer. Meanwhile, global soybean food consumption is projected to grow by 21.5% by 2034, with China becoming the world's largest consumer, accounting for 74% of the global total by 2034/35.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This article is the first part, which excerpts the report's forecast of the trade environment and supply and demand trends in the soybean market in the next decade. Macroeconomics and International Trade After experiencing significant fluctuations after the COVID-19 pandemic, the global economy is expected to show a moderate growth trend in the near term, but the growth rate will continue to slow in the long run. The report predicts that thanks to the success of efforts to curb inflation, global real GDP will grow by 2.8% in 2025. However, there is still uncertainty about the time required for a full economic recovery, both in a single country and globally. During the outlook period, the average annual growth rate of global GDP is expected to be 2.7%, slightly lower than the pre-pandemic level, but similar to the average growth rate in the decade from 2015 to 2024. The real growth of GDP in low-income countries is expected to continue The GDP of high-income countries is ...

Source: Foodmate