Abstract
A dramatic growth in the production and export of soybeans and products by South American countries-primarily Brazil, Argentina, and Paraguay-has greatly eroded US dominance of the world market in recent years. In 1980 they accounted for 20% of world soybean exports, 47% of world soybean meal exports, and 38% of world soybean oil exports. Despite many similarities, the relationship of government policies to the development of the soybean markets of each of the three principal soybean prdoucers is unique. Soybeans were initially double-cropped with wheat, since the wheat program largely eliminated the risk of experimenting with soybeans and also provided most of the needed inputs except seed. Most of the growth in Brazilian soybean production has come from area expansion rather than yield improvements. The growth in soybean production was accompanied by an even more rapid expansion of the crushing industry.
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