In June, the U.S. Soybean Export Council (USSEC) hosted two digital conferences, reaching more than 1,700 customers and soybean industry representatives from the Pan-Asia region. The events – the Pan-Asia Soy Food Summit and Asia Trade Exchange 2020 – demonstrated U.S. Soy’s versatility as both food and feed and highlighted how the soy industry has remained reliable and sustainable since the onset of the COVID-19 pandemic.
South Dakota Soybean Research and Promotion Council Chairman Craig Converse and Treasurer Dawn Scheier traveled to Cambodia and Myanmar to help launch ASA/WISHH’s newest strategic partnership to grow trade and development. Converse and Scheier joined Cambodian and U.S. government officials on January 31 in Phnom Penh for the inaugural event for ASA/WISHH’s U.S. Department of Agriculture-funded Commercialization of Aquaculture for Sustainable Trade (CAST) – Cambodia project.
USSEC and the U.S. Grains Council (USGC) jointly organized the 16th Southeast Asia U.S. Agriculture Co-operators Conference in Kota Kinabalu, Malaysia from August 5 to 8. This year’s conference theme, “The New Normal For Global Agribusiness,” highlighted the current changes and challenges faced by agribusinesses today and provided strategic insights from a distinguished panel of U.S. ag leadership and subject matter experts.
Farmers from across the country anxiously awaited Ag Secretary Sonny Perdue’s detailed aid package earlier this week. For South Dakota Soybean Association (SDSA) the announcement was met with appreciation, yet caution. The $1.65 per bushel payment outlined for 50 percent of soybean production was by far the highest payment for any commodity. Now, South Dakota soybean leaders, Brandon Wipf and Jerry Schmitz are focused on what comes next.
The South Dakota Soybean Association (SDSA) joins the American Soybean Association (ASA) in calling on President Trump to reconsider Chinese tariffs which have caused soybean markets to drop nearly 40 cents a bushel this morning.
Following reports from Commerce Secretary Wilbur Ross that the department will recommend tariffs on imported steel and aluminum as a result of its ongoing investigation under Section 232 of the Trade Expansion Act of 1962, soybean farmers have voiced their concern about the potential for retaliation against U.S. soybean imports by the Chinese.