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U.S. Soybean Sales to E.U

08/14/2019

The U.S. Soybean Export Council recently announced combined sales of 125 million bushels of soybeans among France, Portugal, Italy and Spain. This quantity represents 6.7 percent of the projected total export of 1,875 million bushels forecast in the July ASDE.

USSEC is to be commended on their activities to replace China as the major soybean importer. The Council has recently organized conventions and promotional activities in Spain, Italy and France. In Portugal, USSEC cooperates with the Portuguese Association of Animal Feed Manufacturers and is using the U.S. Soy Sustainability Assurance Protocol (SSAP) as the means of differentiating the U.S. from major competitors Brazil and Argentina.

The promotional efforts of the USSEC have increased exports to the four major feed producers by 170 percent in 2019 compared to the corresponding period in 2018.