Photo courtesy of SOY CONNEXT

Aug 23, 2022

SOY CONNEXT Focuses on Trends, Insights to Advance Global Nutrition

600 members from 50-plus countries from food, feed and soy industries meet in San Diego

The U.S. Soybean Export Council (USSEC) is hosting 600+ industry representatives at SOY CONNEXT, the global U.S. Soy Summit, including 400+ international customers of U.S. Soy from 50+ countries with 200+ U.S. Soy farmers and members of industry, from August 22-24 in San Diego.

“Soy Connext, the industry’s premier global summit, will catalyze connections between international customers of U.S. Soy from the animal protein, aquaculture, animal nutrition, edible oil, soy foods, and commodity trading sectors, with U.S. Soy farmers and industry,” said Jim Sutter, CEO, USSEC.

“With the level of volatility in the world today, it takes vision, resilience, and partnerships to succeed in food and agriculture today. At Soy Connext, we will explore insights, trends, and strengthen our collaborations to advance global nutrition, climate-forward solutions, and progress for people and communities.”

USSEC Launches Soybean Calculator for Soy Crushers

USSEC will launch the new ‘Soybean Value Calculator,' an innovative tool for soybean crushers to calculate and compare the economic value of soybeans from various countries.

Customers can enter company specific data along with soybean composition and physical factor data to analyze the potential economic benefit of choosing U.S. soy relative to soy of other origins.

Customers will visit U.S. soy farms in 14 states

Sustainability and transparency are differentiators and a competitive advantage for U.S. soy customers. As part of Soy Connext, customers from 38 countries will visit U.S. soy farms across 14 soy-producing states to transparently engage with farmers, inspect the crop, and discuss challenges, needs and opportunities.

Further, USSEC, on behalf of U.S. Soy, is the international sponsor of the Pro Farmer Crop Tour providing its customers with credible, third-party, and real-time analysis of U.S. soy crop quality directly from soy production sites across the U.S.

Customers and exporter companies will also participate in USSEC’s Trade Team Invitational.

“Climatic, economic, and geopolitical events are testing the resilience of the global food system," said Doug Winter, USSEC Chairperson, board member of the United Soybean Board, and U.S. Soy farmer, Illinois.

"Uncertainty is the word of the day. We are honored that international companies are rewarding sustainable U.S. soy’s lowest carbon footprint, optimal nutritional bundle, high refining rate, low refining cost, and reliable production and exports by importing record volumes to advance food and nutrition security in the 82 countries we serve."

Soy Connext will cover the following topics among others:

  • Macro dynamics - inflation, or commodity super-cycle
  • Shifting vegetable oil market
  • Sustainability in the global feed industry
  • Plant-Based Proteins: Consumer Trends & Opportunities
  • Sourcing specialty food grade & IP beans
  • Live reports on 2022 #USSoy crop ahead of #Harvest22

Noteworthy global speakers include:

  • Matt Ammerman, Commodity Risk Manager and VP, E. Europe & Black Sea region, StoneX
  • Erik Noland, Executive Director and Senior Economist, CME Group
  • Emily French, CEO, Global Ag Protein
  • Anja Manuel, co-founder, Rice, Hadley, Gates and Manuel, LLC
  • Marty Ruikka, president, The Pro Exporter Network
  • Tom Vierhile, vice president - Strategic Insights (North America), Innova Market Insights

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Marketwatch: Dec, 06

US Corn Price Idx: ZCPAUS.CM

open: 6.5328
high: 6.55
low: 6.4408
close: 6.4673

US Soybean Price Idx: ZSPAUS.CM

open: 14.2059
high: 14.2809
low: 14.1255
close: 14.1516

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.3708
high: 8.3933
low: 8.0459
close: 8.0561

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.9245
high: 6.947
low: 6.6307
close: 6.6779