--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20221102-the-global-soybean-crop-may-increase-slightly/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # The global soybean crop may increase slightly Publication Date: 2022-11-02T13:00:20-04:00 Last Updated: 2022-11-01T11:35:19-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Markets](https://www.fertilizerdaily.com/markets/) ![The global soybean crop may increase slightly](https://www.fertilizerdaily.com/wp-content/uploads/2022/11/plant-fruit-food-produce-vegetable-crop-853093-pxhere.com_-scaled-1.jpg) The forecast is encouraging. In the 2022-2023 agricultural year, the global soybean harvest could reach 386 million tons, increased by 8.7% compared to the 2021-2022 agricultural year, the International Grains Council predicts. At the same time, global soybean trade could fall by 6.4% to 166 million tons, leading to a 17.4% expansion in carryover stocks to 54 million tons. International Grains Council expects soybean consumption to grow by 3.9% to 364 million tons. “An increase in the yield of soybean can lead to the growth in demand for mineral fertilizers. The application of nitrogen fertilizers can reach 88-89 kg per 1 ton, phosphorus fertilizers — 22-25 kg, and potassium fertilizers — 37-40 kg,” – commented the information and analytical service of Fertilizer Daily. Tags: [agriculture](https://www.fertilizerdaily.com/tag/agriculture/), [soybean](https://www.fertilizerdaily.com/tag/soybean/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.