“Brew City” recently became “Soy City” as more than 270 representatives of major international companies interested in importing U.S. soy came together for the second annual U.S. Soy Global Trade Exchange in Milwaukee. Areas represented included China, the Middle East, Vietnam and many others.
“Every other row of U.S. soybeans is exported, so it is imperative to build and retain strong relationships with our international customers,” said Jim Call, soybean farmer from Minnesota and United Soybean Board (USB) 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.”
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.
In the most recent marketing year, U.S. soybean farmers exported more than 1.7 billion bushels of U.S. soy to global customers. The value of these exports set a record of more than $28 billion.
The event was co-sponsored by USB, the American Soybean Association (ASA), the checkoff-funded U.S. Soybean Export Council (USSEC) and the Midwest Shippers Association. In addition to meeting with U.S. soy farmer-leaders, attendees listened to a variety of presentations to learn about the sustainability and quality of U.S. soybeans.