NASHVILLE, TN – The U.S. soybean industry is working to offset declining export volumes to China by pursuing new markets and expanding domestic demand. China’s increased reliance on Brazilian supplies has created a significant gap for American growers, prompting a multi-pronged strategy.
Trade officials are focusing on high-growth protein markets in Southeast Asia, including Vietnam, Indonesia, and the Philippines, where rising poultry and aquaculture industries require more soymeal. Closer to home, Mexico remains the second-largest U.S. soybean customer, with opportunities to expand crushing capacity for both domestic use and re-export. Emerging buyers such as Pakistan, Bangladesh, and Egypt are also targeted for growth through trade agreements and technical support.
At the same time, U.S. crushing capacity is increasing to meet the surge in demand for soybean oil in renewable diesel production, which could absorb the equivalent of hundreds of millions of bushels. Niche opportunities in food-grade soybeans, aquaculture feed, and premium non-GMO markets in Europe offer additional outlets.
Industry leaders say no single market will replace China, but a combination of expanded trade and domestic processing could close the gap.