MN Ag Expo attendees were treated to a surprise Thursday when the U.S. Soybean Export Council (USSEC) took center stage and stole the show.
USSEC announced that their third annual U.S. Soy Global Trade Exchange would be held in Minneapolis, September 9-11, 2015. The event was announced by Will McNair, Stakeholder Relations Manager, and Bruce Abbe, Executive Director of Midwest Shippers Association (MSA) during the MN Ag Expo tradeshow. MSA will again co-locate their Midwest Specialty Grains Conference & Trade Show with the USSEC conference.
“We’re eager to get this ‘save the date’ out there,” said Jim Sutter, USSEC CEO. “We know a lot of our customers will be very excited to visit Minnesota, which is one of the top soybean-producing states in the U.S.”
Soybeans are big business in Minnesota. Soybeans are the second largest crop in the state, accounting for 29 percent of cash receipts from all crops, and 18 percent of total agricultural marketing. As Minnesota’s top export commodity, soybeans contribute $1.7 billion or 31 percent of Minnesota’s total agricultural exports. The state’s soybean industry employs about 15,000 people in both production and processing activities. USSEC and MSA will be working closely with the Minnesota Soybean Research & Promotion Council (MSR&PC).
“Minnesota is a leader when it comes to export and trade relations,” said MSR&PC Chair Paul Simonsen. “Minnesota’s a leader in the production and export of soybeans. We’re happy to be able to host such a fine event. We have a lot of people interested in the U.S. Soy Global Trade Exchange, and we always have a high participation in the event. We’ve found the event to be very beneficial to our farmers, and we’ve developed great relationships from this event.”
The U.S. Soy Global Trade Exchange is USSEC’s biggest event of the year, bringing together international trade teams and U.S. Soy industry representatives for key discussions and personal networking. Last year, more than 270 international buyers traveled from more than 40 countries to participate in this unique opportunity. Chinese agricultural leaders signed 21 purchasing contracts totaling $2.3 billion and Taiwanese trade teams added another $28 million to that tally.
The U.S. Soybean Export Council aims to maximize the use of U.S. soy internationally by meeting the needs of global customers that use U.S. soy in human food and feed for poultry, livestock and fish. The organization uses a global network of stakeholder partnerships, including soybean farmers, exporters, agribusinesses, agricultural organizations, researchers and government agencies, to accomplish that mission.
The Midwest Shippers Association is a regional cooperative trade association that promotes value-added premium and commodity soybeans, grains and related ag products to international and domestic markets; and works to develop logistics and supply chain solutions and for Midwest agricultural transportation challenges. This will be MSA’s 12th annual Midwest Specialty Grains Conference & Trade Show.