Updated Information Available on U.S. Soybeans
Soybean groups are presenting data to Asian customers.
Compiled by staff
Published: Nov 19, 2010
Representatives from the American Soybean Association, American Soybean Association International Marketing, United Soybean Board, U.S. Soybean Export Council, and the University of Minnesota are meeting with soy customers in China and South Korea this week. The groups are presenting the findings of the 2010 U.S. Soybean Crop Quality report.
ASA First Vice President Alan Kemper, a soybean producer from Lafayette, Ind., says international soy buyers enthusiastically anticipate these results from the collected soybean samples. The levels of protein and oil in soybeans determine how much soybean meal can be made and how much soybean oil can be extracted from a bushel of soybeans, so protein and oil has a direct impact on the value of soybeans when they are processed.
"The Crop Quality report is just one of many ways that U.S. soybean farmers develop long-term relationships with our export customers in Asia," Kemper said. "Quality and reliability are important factors in building customer preference for buying U.S. soybeans and soybean products."
Samples from about 10,000 soybean farmers received by Oct. 23, served as the basis for the 2010 U.S. Soybean Crop Quality report.
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