In 2023, the U.S. soybean supply stood at an estimated 123 million metric tons. Forecasts for 2024 to 2028 show a gradual increase, reaching 128.94 million metric tons by 2028. Year-on-year analysis indicates a steady growth trend: 0.98% from 2024 to 2025, 0.97% from 2025 to 2026, 0.95% from 2026 to 2027, and 0.94% from 2027 to 2028. The 5-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.96%.
Future trends to watch for:
- Technological advancements in agriculture improving yield.
- Potential trade policies affecting import-export dynamics.
- Impact of climate change on production variability.
