Growing Soy Markets Abroad
United Soybean Board (USB) International Marketing Chair Wants Checkoff to Sell More Soy Abroad
Illinois soybean farmer Sharon Covert, who chairs the national soy checkoff’s International Marketing (IM) program, says USB farmer-directors have been hard at work tackling big issues such as sustainability, biotechnology and how they impact market access for U.S. soy abroad. Covert, who farms soybeans and corn in Tiskilwa, Ill., says the checkoff continues to make progress maintaining and improving market access in key areas of the globe to support U.S. soybean farmers’ sales outside of the United States.
Q. What is ...
Soy Demand is Growing All Over
Growth in demand for U.S. soybeans outpaces that of other major U.S. field crops, and the market promises to only get bigger. Some say the world will have to produce additional soybeans equivalent to the current production of Brazil, Paraguay ...
Read MoreU.S. soy farmers poised for growth in global animal-feed industry
Livestock and poultry consume more than 70 percent of the soybeans worldwide, so understanding the global animal feed industry is vital to the soybean industry. That’s why the soybean checkoff’s Global Opportunities program funded a study on “Opportunities to Increase ...
Read MoreMilestones marked in China-U.S. trading relations
Much has been made of China’s seemingly insatiable demand for whole U.S. soybeans. Two key milestones passed in recent months that illustrate the strength of that ongoing relationship. In November 2010 and January 2011, separate delegations from major Chinese buyers ...
Read MoreChina’s rising soybean demand
Driven by a growing need for protein, China's soybean imports and crush must increase by 700 million bushels over the next 20 years to meet its demand, according to the U.S. Department of Agriculture (USDA). And that estimate comes on ...
Read MoreVietnam grows as major export market
As the fourth-largest importer of U.S. soybean meal, Vietnam is a growing market for U.S. soy. In 2010, Vietnam imported the equivalent of 18.4 million bushels of U.S. soybean meal, making it one of the fastest-growing global markets for it. ...
Read MoreU.K. ‘Carbon Tax’ Could Mean Business for U.S. Soy
The British government recently imposed a law that effectively creates a carbon tax on approximately 4,000 of its largest businesses and public-sector industries. This new law, called the Carbon Reduction Commitment (CRC), is designed to improve energy efficiency and reduce ...
Read MoreBeyond the Elevator
When you sell your soybeans to an elevator, their journey has just begun. Going beyond the elevator means understanding where they go, and who your biggest customers are. Hint: It's not the guy at the elevator. In any business, knowing your ...
Read MoreUSB Mission/Exports
To increase demand and create new markets for U.S. soy across the globe.
Stay Informed
Subscribe to our Newsletters.
Get the latest checkoff news delivered to your Inbox.
USB Social Networks
Follow USB on Twitter, Facebook and Youtube.