The forecast for US soybean production reveals a consistent growth pattern from 2024 through 2028, with values increasing from 117.02 million metric tons in 2024 to 121.31 million metric tons in 2028. In 2023, actual production was slightly lower, making the year-on-year increases notable. The Compound Annual Growth Rate (CAGR) over this period reflects steady, incremental growth, indicative of technological advances and increased agricultural efficiency driving improved yield.

Future trends to watch for include:

Technological impacts, such as precision farming, on enhancing yields further.
Climate change and its potential effects on agricultural output.
Global market demands and trade policies that may affect US soybean exports.
Biotechnological innovations in soybean crop resistance and quality enhancement.