With U.S. farmers expected to produce 4.6 billion bushels of soybeans for the 2024/25 crop and supply estimates up 11% over last year, according to USDA, the U.S. Soybean Export Council (USSEC) has convened more than 400 international soy customers to elevate a preference for U.S. Soy products and differentiate the quality and value of U.S. Soy from other nutrition and vegetable oil products.
This week, USSEC hosted representatives from 62 countries in San Francisco, Calif., for Soy Connext, the Global U.S. Soy Summit. These countries include Bangladesh, China, Egypt, Indonesia, Japan, and Mexico and represent a range of markets from mature to emerging.
“It’s truly a humbling experience to bring so many key customers from around the world together to meet with U.S. exporters and expand their understanding of the value U.S. Soy offers,” said USSEC Chair Lance Rezac, a soybean farmer from Onaga, Kansas. “Compared to recent years, the price is right for buyers to benefit from U.S. Soy’s many advantages.”
While soybeans are sold as a commodity oilseed, U.S. Soy said research continues to show that soy from the United States is a premium product that increases operational efficiencies for livestock farms, feed mills, and oil crushers; introduces better flavor profiles in the soy foods sector; and exemplifies on-farm stewardship and conservation efforts, giving it the lowest carbon footprint.
