The forecasted data for U.S. soybeans production indicates a steady increase from 2024 to 2028, with levels rising from 109.08 million metric tons in 2024 to 112.3 million metric tons in 2028. This represents a compound annual growth rate (CAGR) of approximately 0.73% across these five years, reflecting consistent expansion in production. Compared to 2023, where production stood at 108.2 million metric tons, it reveals a favorable upwards trend. Notably, the year-on-year percentage change is modest but positive, signifying gradual growth.
Future trends to watch include the potential impacts of climate change, technological advances in farming, and policy changes affecting agricultural subsidies. Additionally, global demand shifts for plant-based proteins may influence production dynamics and market demands, potentially altering the trajectory of growth beyond current forecasts.
