The U.S. soybean industry is exploring different markets to move an excess supply of product. At the Northern Corn and Soybean Expo, U.S. Soybean Export Council CEO Jim Sutter said the U.S. is focusing on places with big populations, developing economies, growing incomes and low protein consumption. “Think of India and Nigeria,” said Sutter. “We’re trying to work long-term in those markets to develop new ones and also, working with standby markets like Europe, Japan and Mexico to make sure they’re growing share of imported soybeans.”
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