USDA: 2024 soybean production up 5%
January 13, 2025
BY Erin Voegele
U.S. soybean production was up 5% last year, according to the 2024 Crop Production Annual Summary released Jan. 10 by the USDA's National Agricultural Statistics Service. Soybean yields were also up from 2023.
U.S. soybean production for 2024 totaled 4.37 billion bushels, up 5% from 2023. The average soybean yield is estimated at 50.7 bushels per acre, up 0.1 bushel when compared to 2023, but 1 bushel below the Nov. 1, 2024, forecast.
The agency’s Grain Stocks report indicates that soybean stocks as of Dec. 1, 2024, were up 3% from a year earlier. Soybeans stored in all positions totaled 3.1 billion bushels.
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