Overseas export (soybean)

Introduction: competition and market opening pose challenges to U.S soybean exports U.S agricultural network news on February 25: for U.S grain and soybean exporters, the good news is that the market demand for U.S corn and soybean products is still strong However, the U.S faces many challenges to maintain its export dominance Jerry Slocum, director of the International Marketing Committee of the United Soybean Association (USB), and Cowen fee, member of the International Affairs Committee for trade policy of the American Soybean Association, said they were closely following the development and changes in South America In the past three years, soybean prices have been low, but soybean acreage in South America has increased by 10 million acres, according to Slocum During the same period, the soybean planting area in the United States was relatively stable Since 1999, the share of soybean production and planting area in the world soybean market in the United States has declined, while that in South America has improved However, according to Mr Fei of the American Soybean Association, higher yields are not the most important change He stressed the need to focus on improving the quality of soybeans Although the quality of soybeans in the United States has been excellent, the quality of soybeans in South America is also improving rapidly Therefore, it is necessary for the United States to increase the protein and oil content of soybeans again The United States can do this without sacrificing per unit yield, and it needs to increase the production of such crops in order to strengthen the competitiveness of American soybeans in the international market Slocum said that although the market share of U.S soybeans decreased, the demand for U.S soybeans is still very strong Because the United States is competing with two third world countries, the United States needs to invest to enhance the competitiveness of American soybeans in the world market However, the USDA expects the share of U.S soybean exports to decline In fact, what we need is to compete for the growing demand 'to increase market share, we need to put soybeans first,' Mr Fei said At present, the fastest growing markets are China and Southeast Asia The United States needs to continue to negotiate with China on the upcoming genetically modified regulations on March 20 Although there is no progress in this area, the market potential of American Soybean in China is still huge In addition, Japan has shown interest in specific varieties of soybeans from the United States.