The weekly export data provided by the USDA Foreign Agriculture Service (FAS) estimated total U.S. soybean exports during the first quarter (September – December) of the 2024/25 marketing year at 1.048 billion bushels, up from the nearly 833.8 million bushels estimated from the same period of the previous year (Figure 1).

Soybean harvest in Brazil, the world’s largest soybean producer, has experienced significant delays in harvest due to heavy rainfall....