Export Touchdown: How the Soybean Checkoff Helped Move the Chains Globally

Feb 16, 2026

U.S. soybean exports scored big in the 2024 – 2025 marketing year (MY) thanks to market diversification efforts by your soybean checkoff team. The United States exported 2.5 billion bushels of U.S. soy during the 2024/25 marketing year. According to data from the United States Department of Agriculture, that’s a 12.8% increase year-over-year (YOY) and a 2.95% increase over the 5-year average.

These extra points were supported by export growth in whole soybeans, soybean meal and soybean oil with increases of 10.7 percent, 13.9 percent and 304 percent, respectively, from the previous marketing year.

“We had a tough harvest season in 2024 with severe drought followed by hurricane rains, but farmers were able to create a quality crop with the hands they were dealt,” said Bill Bayliss, Logan County farmer and past chairman for the Ohio Soybean Council in 2024-2025. “Our international customers know that U.S. soybeans are the best and that we will deliver despite the odds.”

Whole Soybeans

Late in the 2024/25 marketing year, U.S. soybeans were priced at a “discount” compared to our South American competitors. This is mainly due to China’s demand for South American beans over U.S. beans. This caused other countries to jump on the opportunity to purchase quality U.S. soybeans at a lower-than-normal price. U.S. soybean export value totaled $22.3 billion dollars, about an 8 percent decrease from the prior MY. We saw large growth in soybean exports to Egypt, the European Union, Vietnam and Turkey.

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