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International Soy Trade Event Brings Commodity Buyers from China, Middle East

International Soy Trade Event Brings Commodity Buyers from China, Middle East

Second annual U.S. Soy Global Trade Exchange brings in soy buyers from around globe

Published on: Sep 16, 2014






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More than 270 representatives of major international companies interested in importing U.S. soy are together this week in Milwaukee, Wis., this week for the second annual U.S. Soy Global Trade Exchange. Areas represented included China, the Middle East, Vietnam and others.

"Every other row of U.S. soybeans is exported, so it is imperative to build and retain strong relationships with our international customers," says Jim Call, soybean farmer from Minnesota and United Soybean Board chairman. "The Global Trade Exchange gives U.S. soybean farmers a great opportunity to meet face to face with these valuable customers and prospective buyers as they commit to buying millions of bushels of our soybeans."

Second annual U.S. Soy Global Trade Exchange brings in soy buyers from around globe
Second annual U.S. Soy Global Trade Exchange brings in soy buyers from around globe

International representatives committed to buy $2.8 billion worth of U.S. soy during last year's U.S. Soy Global Trade Exchange in Davenport, Iowa.

Record exports, closer look at production
In the most recent marketing year, U.S. soybean farmers exported more than 1.7 billion bushels of U.S. soy to customer beyond our borders. The value of these exports set a record of more than $28 billion.

The event, which is co-sponsored by USB, the American Soybean Association, the checkoff-funded U.S. Soybean Export Council and the Midwest Shippers Association, continues through Thursday, Sept. 18.

Besides meeting with U.S. soy farmer-leaders, attendees will also attend a variety of presentations to learn about the sustainability and quality of U.S. soybeans.

"This event offers a taste of American ag that they don't get every day," Call says. "This experience should give them a better understanding of the pride we take in our farms and product."