The U.S. Soybean Export Council is forecasting global protein demand growth in the next 10 years. United Soybean Board Vice President of Market Intelligence Mac Marshall says that’s an opportunity for U.S. soybeans. “China is a critical market and that’s where we see a lot of soybeans going this year, but once upon a time, China was a small market for soybeans. We have to look at other markets to understand the future of global soybean demand and where the U.S. fits in.” USSEC CEO Jim Sutter says the soy checkoff is developing tools to continue looking at what sets U.S. soybeans apart from competitors. “U.S. soybeans have a higher price and lower crude protein, but U.S. soy has superior traits to other soybeans. A well-known nutritionist in Spain confirmed quality has to do with origin.”
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