2025 Global Food Trade: Soybeans Reflecting a "Fragmented" New Landscape
The year 2025 was once filled with optimism, with the International Grains Council (IGC) forecasting a record global grain output of 2.412 billion tons, notably driven by increases in corn and wheat. The U.S. Department of Agriculture (USDA) also projected an expansion in global coarse grain trade, primarily due to rising exports from the U.S. and Ukraine. However, the tumultuous landscape of geopolitics is now tearing apart this optimistic vision. Particularly in the soybean market, a profound structural transformation has already begun.