Customers in the European Union (EU) depend on U.S. soybean farmers to maintain a consistent supply of soybean meal. Currently, they account for nearly 13 percent of total U.S. soybean meal exports. And that level is growing. Although U.S. soybean market share in the EU has declined over the last 30 years, U.S. soybean meal
Improvements in Thailand’s poultry and aquaculture sectors could bring about significant increases in the country’s soybean-meal consumption this year, according to some news reports. Its poultry sector is expected to expand after Japan lifted its ban on Thai raw chicken. Additionally, the Early Mortality Syndrome that has hurt Thai shrimp production is beginning to decline.
By James Thompson It doesn’t matter who you are, $2.5 billion is a lot of money. So there’s no doubt Brazilian exporters, which are said to have lost about that much last year as a result of canceled orders and long delays in loading ships with Brazilian soybeans, are eager for change in 2014. An
A recent soy-checkoff-funded promotional campaign showed Mexican shoppers the benefits of cooking with U.S. soybean oil, leading to a 15 percent jump in sales. Mexico is a major international destination for U.S. soy. In the most recent marketing year, Mexican customers imported more whole U.S. soybeans and soybean oil than any other country except for
Soybean farmers have always known they care for the environment. Now, more and more of the rest of the world is getting that message, too. According to a soy-checkoff-funded report, soil erosion per metric ton of U.S. soybeans produced has decreased 65 percent over the past 30 years, while energy use is down 46 percent
While China, Japan, South Korea and Taiwan are consistently some of the largest destinations for U.S. soy exports, the industry does not take North Asian soy export markets for granted. The U.S. soy family often hosts conferences or other face-to-face meetings with its international customers to offer technical assistance and answer any questions they may have.
It appears that economic growth continues to create a surge in meat and poultry consumption around the world. According to a recent soy-checkoff-funded study, U.S. meat and poultry exports are rising faster than U.S. consumption, a trend that could benefit U.S. soybean farmers through greater demand for U.S. soybean meal to feed U.S. poultry and livestock
While U.S. soybean exports hit record levels last year, the soy industry has no plans of getting complacent. Although U.S. soybean exports to Europe have tripled in the past year, Europe is still viewed as a potential target for growth. U.S. soybean farmer-leaders recently attended the 2013 U.S. Soy Trade & Sustainability European Buyers Conference,
China is the top international destination for U.S. soy, importing 849 million bushels of whole U.S. soybeans in the most recent marketing year. It is hard to imagine that number growing, but experts expect U.S. soybean exports to China to increase this year due to heavy rains and flooding in some of the biggest soybean-producing
Thanks to high demand for reliable, quality soybeans, meal and oil, 2012-2013 U.S. soy exports have remained steady in the number of bushels exported. However, the value of these exports set a record of more than $28 billion, a 19 percent increase from 2011-2012. In the most recent marketing year, which ended Sept. 30, U.S.