A lot of United States soybeans need to find a home.
The trade dispute with China and a potential record crop have caused prices to drop and supplies build. Thanks in large to the ongoing trade dispute between China and the U.S., America has a lot of soybeans that used to go to China and need to find new markets.
Jim Sutter, Chief Executive Officer of the U.S. Soybean Export Council (USSEC), says the U.S. soy industry needs to plan for other markets in case the dispute with China rages on. To help out with the logjam, Sutter says USSEC has launched its “What It Takes” initiative.
AUDIO: Profit Matters 10-22-18