A REFERENCE GUIDE TO SOYBEAN FACTS AND FIGURES

Transcription

1 A REFERENCE GUIDE TO SOYBEAN FACTS AND FIGURES A publication of the American Soybean Association 1

2 S YSTATS 218 A publication of the American Soybean Association Welcome to the 218 edition of SoyStats, your comprehensive resource for statistical information about the U.S. soybean industry and its relationship to global oilseed production. Soybean Highlights From 218: U.S. soybean farmers planted 9.1 million acres (36.5 million hectares). U.S. soybean production was 4.39 billion bushels. Average yield in the U.S. was 49.1 bushels per acre. Total value of the U.S. soybean crop was $41.1 billion. The U.S. exported 2.7 billion bushels of soybeans, or 47 percent of total production. The U.S. was first in world soybean production with 4.39 billion bushels, followed by Brazil at Soybeans represented 59 percent of the world s oilseed production. U.S. biodiesel production was 1.83 billion gallons. Soybean Facts: A bushel of soybeans weighs 6 lbs. (27.22 kg) and produces about 11 pounds of oil and 48 pounds of proteinrich meal. The soybean plant is a legume related to peas, clover and alfalfa. Each soybean plant generally produces 6 to 8 pods, each holding three pea-sized beans. GET SOYSTATS ON THE WEB AT SOYSTATS.COM 2 Information in this publication is compiled and prepared by the American Soybean Association from U.S. Department of Agriculture data and various other sources. SoyStats and Soy Stats are registered trademarks of the American Soybean Association. All rights reserved. 218 American Soybean Association

3 Soybean Life Cycle in Pictures EARLY SPRING MID SUMMER FALL HARVEST TABLE OF CONTENTS Soybean Highlights and Facts...2 U.S. Biodiesel Production...19 Table of Contents...3 Adoption of Biotech-Enhanced Composition of a Soybean...4 Seedstock...2 U.S. Crop Area Planted...5 U.S. Soybean Exports...22 U.S. Soybean Area Planted...6 U.S. Soybean & Soy Product Exports...23 U.S. Soybean Area Planted by State...7 World Oilseed Production U.S. Soybean Yield...8 World Soybean Production...25 U.S. Soybean Yield by State...9 Brazil & Argentina Soybean U.S. Soybean Production... 1 Production...26 U.S. Soybean Production by State World Soybean Exports...27 Soybean Prices Paid to Farmers...12 U.S. Soybean Meal Production...28 Soybean Prices Paid to Farmers by World Protein Meal Consumption...29 State...13 U.S. Soybean Meal Use by Livestock...3 U.S. Soybean Crop Value World Soybean Meal Exports U.S. Soybean Crop Value by State U.S. Soybean Oil Production...32 U.S. Soybean Production Costs & World Vegetable Oil Consumption...33 Returns U.S. Soybean Crush U.S. Soybean Ending Stocks U.S. Vegetable Oil Consumption...34 About the American Soybean Association

4 Composition of a Soybean In processing, soybeans are cleaned, cracked, dehulled and rolled into flakes. This ruptures the oil cells for efficient extraction to separate the oil and meal components. Soybean oil finds its way into food products such as margarine, salad dressings and cooking oils, and industrial products such as plastics and biodiesel fuel. Lecithin, extracted from soybean oil, is used for everything from pharmaceuticals to protective coatings. It is a natural emulsifier and lubricant. Lecithin is used, for example, to keep the chocolate and cocoa butter in a candy bar from separating. After removal of the soybean oil, the remaining flakes can be processed into various edible soy protein products, or used to produce soybean meal for animal feeds. The dry (solid) portion of the bean provides a host of edible products. Soy flour and grits are used in the commercial baking industry. They aid in dough conditioning and bleaching. Their excellent moisture-holding qualities also help retard staling. Soy hulls are processed into fiber bran breads, cereal and snacks. 4

5 U.S. Crop Area Planted 217 Other 4% Rice, Sunflower Barley, Oats 1% each Sorghum 2% Cotton 5% 34% Corn Wheat 17% 34% Soybeans Source: USDA, NASS. Data does not include hay. U.S./Metric Conversion Table (A bushel of soybeans weighs 6 pounds) 1 metric ton = bushels of soybeans 1 metric ton = 2,2 pounds of soybeans 1 metric ton = 1.1 short tons of soybeans 1 hectare = acres Source Guide CONAB Brazil s National Food Supply Agency ERS Economic Research Service FAS Foreign Agricultural Service ISAAA International Service for the Acquisition of Agri-biotech Applications NASS National Agricultural Statistics Service USDA United States Department of Agriculture WAOB World Agricultural Outlook Board 5

6 U.S.Soybean Area Planted Acres 1 Hectares Acres Hectares Source: USDA, NASS Acres Hectares

7 U.S.Soybean Area Planted by State 217 ND 7,1 (2,873) SD 5,65 (2,287) NE 5,7 (2,37) KS 5,15 (2,84) TX 21 (85) OK 655 (265) MN 8,15 (3,298) IA 1, (4,47) MO 5,95 (2,48) AR 3,53 (1,429) LA 1,27 (514) WI 2,15 (87) MI 2,28 (923) IL 1,6 (4,29) MS 2,19 (886) IN 5,95 (2,48) AL 35 (142) OH 5,1 (2,64) KY 1,95 (789) TN 1,69 (684) Thousand Acres (Thousand Hectares) GA 155 (63) WV 27 (11) PA 59 (239) FL 15 (6) NY 27 (19) VA 6 (243) NC 1,7 (688) SC 4 (162) NJ 1 (4) DE 16 (65) MD 5 (22) State Thousand Acres Thousand Hectares Alabama Arkansas 3, Delaware Florida 15 6 Georgia Illinois 1,6 429 Indiana 5, Iowa 1, 447 Kansas 5, Kentucky 1, Louisiana 1, Maryland 5 22 Michigan 2, Minnesota 8, Mississippi 2, Missouri 5, Source: USDA, NASS State Thousand Acres Thousand Hectares Nebraska 5,7 237 New Jersey 1 4 New York N. Carolina 1,7 688 N. Dakota 7, Ohio 5,1 264 Oklahoma Pennsylvania S. Carolina S. Dakota 5, Tennessee 1, Texas Virginia W. Virginia Wisconsin 2,

8 U.S.Soybean Yield Bushels/Acre Metric Tons/Hectare Bushels/ Acres Metric Ton/ Hectare Source: USDA, NASS Bushels/ Acres Metric Ton/ Hectare

9 U.S.Soybean Yield by State217 ND 34. (2.3) SD 43. (2.9) NE 57.5 (3.9) KS 37. (2.5) TX 37. (2.5) OK 29. (2.) MN 47. (3.2) IA 56.5 (3.8) MO 49. (3.3) AR 51. (3.4) LA 54. (3.6) WI 47. (3.2) MI 42.5 (2.9) IL 58. (3.9) MS 53. (3.6) IN 54. (3.6) TN 5. (3.4) AL 46. (3.1) OH 49.5 (3.3) KY 53. (3.6) Bushels/Acre (Metric Tons/Hectare) GA 42. (2.8) WV 54. (3.6) PA 48. (3.2) FL 34. (2.3) NY 45. (3.) VA 44. (3.) NC 4. (2.7) SC 38. (2.6) NJ 45. (3.) DE 51. (3.4) MD 51. (3.4) State Bushels/ Acre Metric Tons/ Hectare Alabama Arkansas Delaware Florida Georgia Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Michigan Minnesota Mississippi Missouri Source: USDA, NASS State Bushels/ Acre Metric Tons/ Hectare Nebraska New Jersey New York N. Carolina N. Dakota Ohio Oklahoma Pennsylvania S. Carolina S. Dakota Tennessee Texas Virginia W. Virginia Wisconsin

10 U.S.Soybean Production Bushels 5, Metric Tons , , , , Bushels Metric Tons , , , , , , , , , , , , , , , Source: USDA, NASS Bushels Metric Tons 23 2, , , , , , , , , , , , , , ,

11 U.S.Soybean Production by State 217 ND (6.5) SD (6.6) NE 326. (8.9) KS (5.1) TX 6.8 (.2) OK 18.6 (.5) MN 38.2 (1.3) IA (15.3) MO (7.9) AR (4.9) WI 1.6 (2.7) MI 96.5 (2.6) LA 67.5 (1.8) IL (16.7) MS 115. (3.1) IN 32.8 (8.7) TN 83. (2.3) AL 15.9 (.4) OH 252. (6.9) KY 12.8 (2.8) Bushels ( Metric Tons) GA 6.3 (.2) WV 1.4 (.) PA 28.1 (.8) FL.5 (.) NY 11.9 (.3) VA 26. (.7) NC 67.6 (1.8) SC 14.8 (.4) NJ 4.5 (.1) DE 8.1 (.2) MD 25.2 (.7) State Bushels Metric Tons Alabama Arkansas Delaware Florida.5. Georgia Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Michigan Minnesota Mississippi Missouri Source: USDA, NASS State Bushels Metric Tons Nebraska New Jersey New York N. Carolina N. Dakota Ohio Oklahoma Pennsylvania S. Carolina S. Dakota Tennessee Texas Virginia W. Virginia 1.4. Wisconsin

12 U.S. Soybean PricesPaidtoFarmers $/Bushel 16 $/Metric Ton Dollars/ Bushels Dollars/ Metric Ton Source: USDA, NASS Dollars/ Bushels Dollars/ Metric Ton

13 U.S. Soybean Price to Farmers by State 217 ND 8.9 (327) SD 8.9 (327) NE 9.5 (333) KS 8.95 (329) TX 8.9 (327) OK 9.5 (333) MN 9.15 (336) IA 9.25 (34) MO 9.4 (345) AR 9.75 (358) WI 9.35 (344) MI 9.3 (342) LA 9.7 (356) IL 9.6 (353) MS 9.8 (36) IN 9.55 (351) TN 9.7 (356) AL 9.8 (36) OH 9.5 (349) KY 9.65 (355) Dollars/Bushel (Dollars/Metric Ton) WV 9.3 (342) GA 9.75 (358) PA 9.25 (34) FL 8.85 (325) NY 9.3 (342) VA 9.3 (342) NC 9.45 (347) SC 9.3 (342) NJ 9.4 (345) DE 9.2 (338) MD 9.2 (338) State Dollars/ Bushel Dollars/ Metric Ton Alabama Arkansas Delaware Florida Georgia Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Michigan Minnesota Mississippi Missouri Source: USDA, NASS State Dollars/ Bushel Dollars/ Metric Ton Nebraska New Jersey New York N. Carolina N. Dakota Ohio Oklahoma Pennsylvania S. Carolina S. Dakota Tennessee Texas Virginia W. Virginia Wisconsin

14 U.S.Soybean Crop Value Dollars 5, 4, 3, 2, 1, Dollars Dollars , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,7 Source: USDA, NASS 14

15 U.S.Soybean CropValuebyState 217 State Dollars State Dollars Alabama 156 Nebraska 2,951 Arkansas 1,74 New Jersey 42 Delaware 74 New York 111 Florida 4 N. Carolina 639 Georgia 61 N. Dakota 2,133 Illinois 5,874 Ohio 2,394 Indiana 3,63 Oklahoma 168 Iowa 5,195 Pennsylvania 26 Kansas 1,692 S. Carolina 138 Kentucky 992 S. Dakota 2,147 Louisiana 655 Tennessee 85 Maryland 232 Texas 61 Michigan 897 Virginia 241 Minnesota 3,479 W. Virginia 13 Mississippi 1,127 Wisconsin 94 Missouri 2,722 Source: USDA, NASS As Percentage of Total Principal Crops* State Percent Alabama 15.4 Arkansas 45.5 Delaware 31.3 Florida.3 Georgia 2.9 Illinois 42.9 Indiana 46.1 Iowa 37. Kansas 25.8 Kentucky 34.5 Louisiana 33.6 Maryland 33.2 Michigan 32.2 Minnesota 36.4 Mississippi 47.1 Missouri 47.4 *Includes field and miscellaneous crops. State Percent Nebraska 31. New Jersey 29.7 New York 1.7 N. Carolina 22. N. Dakota 31.2 Ohio 49.1 Oklahoma 1. Pennsylvania 11.9 S. Carolina 18.1 S. Dakota 4.4 Tennessee 37.4 Texas.9 Virginia 23.1 W. Virginia 8.4 Wisconsin 27.8 Source: USDA, NASS 15

16 U.S. Soybean Production Costs&Returns 217 Category Gross value of production $/Planted Acre $/Planted Hectare Soybeans ,16.36 Total, gross value of production ,16.36 Operating Costs: Seed Fertilizer* Chemicals Custom operations Fuel, lube, and electricity Repairs Purchased irrigation water.6.15 Interest on operating capital Total, operating costs Allocated overhead: Hired Labor Opportunity cost of unpaid labor Capital recovery of machinery and equipment Opportunity cost of land (rental rate) Taxes and insurance General farm overhead Total, allocated overhead Total cost listed , Value of production less total costs listed Value of production less operating costs Supporting information: Yield (bushels per planted acre)(mt/ha) Price ($ per bushel at harvest)($/mt) Enterprise size (planted acres)(ha)** Production practices:** Irrigated (percent) 1 1 Dryland (percent) * Commercial fertilizer, soil conditioners and manure ** Developed from survey base year, 212 Sources: USDA, ERS, Industry Estimates

17 U.S.Soybean Crush Bushels 2, Metric Tons , , Bushels Metric Tons Bushels Metric Tons , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Source: USDA, WAOB 17

18 U.S. Soybean EndingStocks Bushels 8 Metric Tons Bushels Metric Tons Bushels Metric Tons Source: USDA, WAOB 18

19 U.S. Biodiesel Production Gallons 2,5 2, Liters 9,45 7,56 1,5 1, 5,67 3,78 5 1, Gallons Liters bushel of soybeans produces 1.5 gallons of biodiesel and 48 pounds of protein-rich meal. Source: National Biodiesel Board 19

20 Adoption of Biotech-Enhanced Seedstock MAJOR EXPORTING COUNTRIES ONLY Acres 1 Biotech-Enhanced Soybean Seedstock Hectares United States Argentina Brazil Total Soy Acres (s) Total Soy Hectares (s) Biotech Acres (s) UNITED STATES Biotech Hectares (s) Pct Biotech Source: USDA, NASS, ISAAA

21 Total Soy Acres (s) Total Soy Hectares (s) Biotech Acres (s) Biotech Hectares (s) ARGENTINA Pct Biotech Source: USDA, FAS, ISAAA, Argentinian Agriculture Ministry Total Soy Acres (s) Total Soy Hectares (s) Biotech Acres (s) Biotech Hectares (s) BRAZIL Pct Biotech Source: USDA, FAS, ISAAA, CONAB 21

22 U.S. Soybean Exports Bushels 2,5 2, Metric Tons ,5 1, Bushels Metric Tons Bushels Metric Tons , , , , , , , , , , , , , , , Source: USDA, WAOB 22

23 U.S.Soybean & Soy Product Exports 217 Soybean Meal 15% 3% Soybean Oil Customer Value (s) WHOLE SOYBEAN EXPORTS Customer Value (s) China $12,356 Thailand $467 Mexico $1,586 Pakistan $428 Netherlands $1,13 Bangladesh $385 Japan $976 Egypt $364 Indonesia $922 All Others $2,47 Taiwan $588 Customer Value (s) 82% Whole Soybeans SOYBEAN MEAL EXPORTS Customer Value (s) Philippines $747 Guatemala $136 Mexico $579 Japan $17 Colombia $34 Venezuela $16 Canada $317 Peru $9 Dominican Republic $173 All Others $1,157 Thailand $142 Customer Value (s) SOYBEAN OIL EXPORTS Customer Value (s) South Korea $27 Canada $26 Mexico $22 China $24 Dominican Republic $141 Morocco $24 Colombia $73 Nicaragua $12 Guatemala $41 All Others $19 Jamaica $27 Source: USDA, FAS 23

24 World OilseedProduction 217 Copra 1% Palm Kernel 3% Cottonseed 8% Peanut 8% Sunflower 8% Rapeseed 13% 59% Soybean Source: USDA, FAS Oilseed Short Tons Metric Tons Soybean Rapeseed Sunflower Cottonseed Peanut Palm Kernel Copra TOTAL

25 World Soybean Production 217 Canada 2% Other 6% India 3% Paraguay 3% China 4% 35% United States Argentina 14% 33% Brazil Source: USDA, FAS Country Bushels Metric Tons United States 4, Brazil 4, Argentina 1, China India Paraguay Canada Other Total 12,

26 Brazil & Argentina Soybean Production Bushels 5, Metric Tons , , 2, Brazil , Argentina BRAZIL Bushels Metric Tons ARGENTINA Bushels Metric Tons , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Source: USDA, FAS

27 World Soybean Exports 217 Canada 4% Paraguay 4% Other 4% Argentina 5% 47% Brazil United States 37% Source: USDA, FAS Country Bushels Metric Tons Brazil 2, United States 2, Argentina Paraguay Canada Other Total 5,

28 U.S. Soybean Meal Production Short Tons Metric Tons Short Tons/ Average Price Metric Tons/ Average Price /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$25 39./$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$34 42./$375 Source: USDA, WAOB

29 World Protein Meal Consumption 217 Peanut 2% Palm Kernel 3% Cottonseed 5% 2% Other Sunflower 6% Rapeseed 12% 7% Soybeans Source: USDA Source Short Tons Metric Tons Soybeans Rapeseed Sunflower Cottonseed Palm Kernel Peanut Other TOTAL

30 U.S. Soybean Meal Use by Livestock 217 Dairy 7% Petfood 2% 2% Other Feed Beef 8% 55% Poultry Swine 25% Use Short Tons Metric Tons Poultry Swine Beef Dairy Petfood.8.7 Other Feed.8.7 Total Source: Based on industry estimates, USB 28 soymeal market study, USDA, (NASS). 3

31 World Soybean Meal Exports 217 India 3% Paraguay 4% Other 8% United States 17% 46% Argentina Brazil 23% Source: USDA, FAS Country Short Tons Metric Tons Argentina Brazil United States Paraguay India Other TOTAL

32 U.S. Soybean Oil Production Billion Pounds Metric Tons Billion Pounds/ Average Price Metric Tons/ Average Price /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$ /$.3 7.8/$ /$ /$ /$ /$ /$ /$ /$ /$1, /$ /$ /$ /$ /$ /$1, /$ /$1, /$ /$1, /$ /$ /$ /$ /$ /$ /$ /$ /$ /$694 Source: USDA, WAOB

33 World Vegetable Oil Consumption 217 Cottonseed 3% Peanut 3% Palm Kernel 4% 2% Coconut 1% Olive Sunflower 9% 34% Palm Rapeseed 15% 29% Soybean Feedstock Short Tons Metric Tons Palm Soybean Rapeseed Sunflower Palm Kernel Peanut Cottonseed Coconut Olive TOTAL Source: USDA, FAS 33

34 U.S.Vegetable Oil Consumption 217 Coconut 3% Palm 8% 8% Other* Corn 13% 53% Soybean Rapeseed/Canola 15% Feedstock Pounds Metric Tons Soybean 21, 9.5 Rapeseed/Canola 6,4 2.7 Corn 5, Palm 3, Coconut 1,4.5 Other* 3, TOTAL 39, *Other includes palm kernel, peanut, sunflower, safflower and others. Source: ERS, USDA 34

35 ABOUT THE AMERICAN SOYBEAN ASSOCIATION The mission of the American Soybean Association (ASA) is to advocate for U.S. soy farmers on policy and trade. ASA represents U.S. soybean farmers on domestic and international policy issues important to the soybean industry. ASA has 26 affiliated state associations representing 3 soybean producing states and more than 3, soybean farmers. In support of ASA s mission to advocate for U.S. soy farmers on policy and trade, ASA invests cost-share funding provided by the U.S. Department of Agriculture s Foreign Agricultural Service in the U.S. Soybean Export Council to operate global offices and conduct activities to maximize the use of U.S. soy internationally. Visit SoyGrowers.com or contact the American Soybean Association at

36 SOYSTATS INVESTORS PREMIER LEVEL GOLD LEVEL Illinois Soybean Association Indiana Soybean Alliance Iowa Soybean Association South Dakota Soybean Research & Promotion Council SILVER LEVEL Kentucky Soybean Board Minnesota Soybean Research & Promotion Council BRONZE LEVEL Kansas Soybean Commission Mississippi Soybean Promotion Board New York Corn & Soybean Growers Association North Carolina Soybean Producers Association North Dakota Soybean Council South Carolina Soybean Board Tennessee Soybean Promotion Council Visit Soygrowers.com for more about the American Soybean Association 18ASA-13_418_XXM