The US Soybean Export Council hosts SOY CONNEXT, the world’s largest soybean summit

Over 600 members of the global food, feed and soybean industry in over 50 countries San Diego

SAN DIEGO, August 22, 2022 /PRNewswire/ — Global soybean consumption at 1.087 MMT has exceeded global soybean production at 1.061 MMT over the past three years (2019-22) after consumption and production have doubled over the past 20 years . Soy continues to be United States’ number one in food and agricultural exports, and US Soy’s customers are as varied as the myriad uses of a soybean itself.

The US Soybean Export Council (USSEC) will welcome more than 600 industry representatives to SOY CONNECTION – the World Soy Summit in the United Statesincluding more than 400 international U.S. soybean customers from over 50 countries with more than 200 U.S. soybean growers and industry members, from August 22-24 in San Diego.

“Soy Connext, the industry’s premier global summit, will catalyze connections between international U.S. soybean customers in the animal protein, aquaculture, animal nutrition, edible oils, soy foods and commodity trading, with U.S. soybean growers and the industry,” said Jim SutterCEO, USSEC. “With the level of volatility in the world today, it takes vision, resilience and partnerships to succeed in food and agriculture today. At SoyConnect, we will explore ideas, trends and strengthen our collaborations to advance global nutrition, climate solutions and progress for people and communities. »

USSEC will launch the new ‘Soybean Value Calculator‘ – an innovative tool for soybean grinders to calculate and compare the economic value of soybeans from different countries. Customers can enter company-specific data as well as soybean composition and physical factor data to analyze the potential economic advantage of choosing US soybeans over soybeans from other origins. It’s so simple.

Sustainability and transparency are differentiators and a competitive advantage for US soybean customers. As part of Soy Connext, customers from 38 countries will visit U.S. soybean farms in 14 soybean-growing states to transparently engage with farmers, inspect the harvest, and discuss challenges, needs, and opportunities. Additionally, USSEC, on behalf of US Soy, is the international sponsor of the Pro Farmer Crop Tour provide customers with credible, third-party, real-time analysis of U.S. soybean crop quality directly from soybean production sites across United States. Customers and exporting companies will also participate in the USSEC Trade Team Invitational.

“Climate, economic and geopolitical events are testing the resilience of the global food system. Uncertainty is the watchword. We are honored to have global companies recognize sustainable US soybeans. lowest carbon footprint, optimal nutritional package, high refining rate, low refining cost and reliable production and exports by importing record volumes to advance food and nutrition security in the 82 countries we we serve”, said Doug Winterchairman of USSEC, member of the board of directors of the United Soybean Board and American producer of soybeans, Illinois.

Six facts about American soybeans

  • Global consumption of poultry, pork and aquaculture is expected to increase by 17.8%, 13.1% and 23% respectively by 20301
  • Global per capita consumption of soy foods increased by 24% to 2.67 kg in 2020 from 2.16 kg in 20102
  • Top 15 U.S. Soybean Export Markets: China, MexicoEU, Egypt, Japan, Philippines, Indonesia, Colombia, Taiwan, Canada, Bangladesh, ThailandSouth Korea, Pakistan, Ecuador3
  • Top U.S. Soybean Growth Markets (21/22 vs. 16/17): Egypt, Turkey, Ecuador, Venezuela, Canada, Guatemala, Colombia, MexicoEU. Bangladesh growth. India evolutionary potential4
  • Sustainable U.S. soy has the lowest carbon footprint compared to soy from other origins5
  • Exports verified by the US Soy Sustainability Assurance Protocol (SSAP) increased by 33% over the previous year, and 58% (approximately 38 MMT) of total US Soy exports (approximately 64 MMT) during the campaign marketing date 21/22 (to 28/07/2020). /22)

Soy Connext will cover the following topics, among others:

  • Macro dynamics – inflation or commodity super-cycle
  • Evolution of the vegetable oil market
  • Sustainability in the global animal feed industry
  • Vegetable proteins: trends and consumption opportunities
  • Sourcing Food Grade and Specialty IP Beans
  • Live reports on #USSoy 2022 harvest ahead of #Harvest22

Notable Soy Connext global speakers include:

  • Matt AmmermanCommodity Risk Manager and VP, E. Europe & Black Sea region, StoneX
  • Eric NolandExecutive Director and Principal Economist, CME Group
  • Emily FrenchPresident and CEO, Global Ag Protein
  • Anja Manuelco-founder, Rice, Hadley, Gates and Manuel, LLC
  • Marty RuikkaPresident, The Pro Exporter Network
  • Tom VierhileVice President – Strategic Perspectives (North America), Innova Market Overview

Other attendees at the event include U.S. soybean growers representing the American Soybean Association, United Soybean Board, state soybean boards, related food and agriculture industry, commodity exporters, among others. .

This press release was funded by US soybean growers, their levy, and the soybean value chain.

About the United States Soybean Export Council (USSEC)
The U.S. Soybean Export Council (USSEC) focuses on differentiating, elevating preferences, and gaining market access for the use of U.S. soybeans for human consumption, aquaculture, and livestock feed in more than 80 countries worldwide. USSEC members represent the soybean supply chain, including U.S. soybean growers, processors, commodity shippers, merchants, allied agribusinesses, and agricultural organizations. USSEC is funded by the U.S. Soybean Levy, USDA Foreign Agricultural Service (FAS) matching funds, and industry. Visit www.ussec.org for the latest information onSoy Solutions in the United Statesand news about USSEC and US Soy internationally.

Media contacts:


Chris Samuel

Kerrey Kerr-Enskat

Director of Global Communications

Senior Manager, Communications

American Soybean Export Council (USSEC)

American Soybean Export Council (USSEC)

+1.314.306.1273 | [email protected]

+1.515.823.1848 | [email protected]



Bill Raack

Bailie Moore

Director

Director

Lambert

Lambert

314.602.0696 | [email protected]

217.714.9429 | [email protected]

1 Organization for Economic Co-operation and Development (OECD) – Food and Agriculture Organization of the United Nations Agriculture Outlook Report 2021
2 USSEC-Agromeris Soybean Foods Global Market Report 2021
3 Global Agricultural Trading System (GATS) SDA data from marketing year 2021/22 to June 2022
4 Global Agricultural Trading System (GATS) SDA data from marketing year 2021/22 to June 2022
5 Blonk Consultants, Agri-footprint 5.0 database analysis, 2019

SOURCE American Soybean Export Council (USSEC)

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