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Soybean meal exports set a new record
U.S. soy remains America’s number one agricultural export, adding $31.2 billion to the U.S. economy in marketing year 2023-2024. Total soy export volumes were down from the prior year at 60.8 million metric tons, partly due to fewer carry-in stocks and the expansion of domestic crush. However, U.S. soybean meal exports set a record based on increased supply, strong demand, competitive prices, and its nutritional advantage. In the 2023-2024 marketing year, U.S. soybean meal exports totaled a...