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Soy export markets thriving

According to USDA data soybeans remain the top food and agricultural export for the United States.

Jim Sutter, CEO of the US Soybean Export Council, says US soy generated more than $34 billion in revenue last year, and the USDA is forecasting record production this year. “We have been working hard to diversify US soy markets,” he said, “and make sure we have plenty of choices where US soy can go and plenty of buyers around the world that want to source it.”

He tells Brownfield several international markets are growing. “Mexico, the EU, Egypt, Southeast Asian markets, the Philippines and those kind of places, Pakistan and Bangladesh in terms of South Asia,” Sutter said. “And then of course we can’t really talk about soy without also mentioning China.”

Sutter says the export council recently met with hundreds of international customers at their recent global US Soy Summit in San Diego.