Soy exports created more than $24 billion of revenue for the U.S. last year and this will likely grow in the future as global populations and economies continue to climb.
The majority of soybeans growing in the U.S. farm fields this summer will be purchased by international buyer, with more than one of every four rows destined for China. This August, more than 250 of these buyers, representing more than 50 countries, will convene in one place, the 2017 U.S. Soy Global Trade Exchange in Omaha.
The U.S. Soy Global Trade Exchange provides a forum for exporters and buyers to discuss and commence purchases. For example, in2016, a Chinese trade delegation signed purchase agreements worth nearly $1.8 billion of U.S. soy for 146 million bushels of U.S. soybeans.
This is the fifth annual U.S. Soy Global Trade Exchange created by the U.S. Soybean Export Council to foster conversations between farmers who grow a sustainable, consistent supply of U.S. beans and consumers who buy them. Customers from five continents are making the trip to Omaha. Some countries included:
The three day event will also be discussions on recent global and commercial issues affecting the international soy and grain markets.
The event is Tuesday, August 15th through Thursday, August 17th. The event is being held at the CenturyLink Center in Omaha.