News

Global Grain Exchange Brings Buyers and Sellers Together

Photo: WNAX


Grain and oilseed buyers from around the world converged in Minneapolis last week for the Global Trade Exchange. The U.S. Soybean Export Council is one of the groups that puts the event on. USSEC Director and Belden, Nebraska farmer, Jim Miller says they have been hosting the event for the last three years as a way to link up buyers with sellers and the U.S. farmers that produce the product.

Miller says the message to international buyers was the advantage U.S. soybeans have over South America in the areas of sustainability and the higher amino acid content, which is critical for livestock production.

He says the customers also want to see the crop they are buying so they toured farms in the region to see the soybeans in the field. Miller says this definitely translates into sales of U.S. product.

Miller says they did discuss the slower pace of soybean exports this year and buyers told them with the big crop they were not in a big hurry to buy this year, unlike some previous years.