US soybeans start new marketing year with strong exports

09/11/20 3:27 PM By Bill Tomson

U.S. soybean exports are moving quickly out of U.S. ports, spurred on by larger than normal Chinese purchases as the new marketing year begins.

Bill Tomson
Senior Trade Editor

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Agri-Pulse Open Mic: Jim Sutter, CEO, U.S. Soybean Export Council

This week’s Open Mic guest is Jim Sutter, CEO of the U.S. Soybean Export Council. As trade tensions with China have shifted more of their imports from Brazil, U.S. soybean farmers have successfully diversified their global demand base. Sutter says domestic supplies have higher quality than soybeans from anywhere else in the world and thus prove a better value for customers both in raw beans and in soy products. Sutter says production sustainability is becoming a greater priority in some markets which is a big advantage for U.S. soybean farmers and he sees increases in both global demand and production of oilseeds.

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