Ukrainian soybean exports have seen an 18% increase since the start of the 2023/24 marketing year, reaching 1.9 million tons, largely due to a record harvest of 4.8 million tons in 2023. Soybean oil exports have also risen, with January 2024 exports totaling 31 thousand tons, bringing the five-month total to 139 thousand tons. Analysts predict that soybean processing volumes for the current season will be between 1.5 and 1.6 million tons.