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Jan. 4, 2013 American Soybean Association (ASA) reports: "Market development milestones, record setting purchases of soybeans, new free trade agreements, and severe drought conditions that continue across much of the country ... all were defining moments for America's soybean farmers in 2012," said U.S. Soybean Export Council (USSEC) Chairman and ASA Executive Committee member Randy Mann. "While there were both planned and unexpected events that shaped the year for U.S. soybean farmers, some had an immediate impact while others will have lasting affects well into 2013 and beyond." Events of significance in 2012 included: • Agriculture leaders from China committed to purchasing 492.3 million of U.S. soybeans, setting a new volume record with an estimated value of $6.7 billion, during signing ceremonies co-hosted by USSEC in Des Moines and Los Angeles. • The U.S. Soy Family came together with 450 Chinese soy processors, importers and end users to celebrate the accomplishments of the U.S. soy industry in China over the last 30 years. The ceremony marked the transformation of China from being a net exporter of soy, with an underdeveloped animal agriculture sector in 1982, to the world's largest importer of soy, with a vibrant and modernizing animal agriculture sector that consumes nearly 25 percent of all soy grown in the U.S. • U.S. grower leaders, soy family representatives and soy trading company executives traveled to Barcelona for the 2nd Annual Sustainable Trade Conference. • USSEC hosted the first Forum for Sustainable Supply of Grains and Oilseeds for the Americas in Puerto Vallarta. The event drew a large audience with more than 80 top executives from international soy trading companies, U.S. exporters and U.S. grower leaders to discuss key issues affecting the oilseed and grain trade in North and South America. • USSEC brought together for the first time a large group of soy protein commercial decision makers from throughout the Middle East, North Africa, and the Asian Subcontinent for a commercial conference and the launch of a new international marketing office. "While we enter 2013 with a focus on the drought's impact on U.S. waterways, I am confident that the tremendous growth and relationship building we experienced in 2012 will continue into the new year," said Mann. Tweet |
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