Soy Stats, A Reference Guide To
Important Soybean Facts & Figures, is a comprehensive resource for statistical
information about the U.S. soybean industry and its relationship to world oilseed
production. Publication of the Soy Stats Guide here on SoyStats.com
will make this information available to millions of people in the United States and around
the world. This resource is made possible by the contributions of Dow AgroSciences and
U.S. farmers to the soybean checkoff program.
Soybeans were planted on a record 74.5 million
acres (30.2 million hectares) in 2000, producing 2.770 billion bushels (75.39 million
metric tons) of soybeans. The average price paid to farmers, $4.40 per bushel ($162 per
metric ton), was the lowest average price since 1972, and a 40 percent decline since 1996.
As a result of low prices, the total 2000 crop value was $12.2 billion.
In 2000, soybeans represented 56 percent of
world oilseed production, and 45 percent of those soybeans were produced in the United
States. Fully 54 percent of the world's soybean trade originated from the U.S.
U.S. soybean and product exports increased to
$6.66 billion in 2000. The European Union continued to be the No. 1 U.S. market for whole
soybeans with purchases of $1.143 billion, an increase of $110 million or 10 percent
higher than in 1999. China became the largest single country customer for U.S. soybeans
with purchases totaling slightly more than $1 billion. Japan was the second largest single
country customer for U.S. soybeans with purchases of $758 million, and Mexico was third
with $678 million.
The Philippines remained the largest customer
for U.S. soybean meal at $166 million, $2 million more than Canada. Mexico was the largest
customer for U.S. soybean oil with purchases of $39 million, and Korea was second with
purchases of $34 million.
Domestically, soybeans provided 80 percent of
the edible consumption of fats and oils in the United States. The domestic crush level
increased to 1,590 million bushels (43.28 million metric tons), while U.S. ending stocks
of soybeans were 300 million bushels (8.17 million metric tons).
The menu located at the top left of each web
page provides links to the various sections of the Soy Stats Guide. For a quick look at
all the available information, see the Table of Contents.