Tuesday, October 16, 2007

US Soybean Exports Reach Record High

from Farms.com:

10/16/2007 -- U.S. soybean farmers have had a record-setting year, thanks in part to their investment in soybean checkoff international marketing programs. Marketing year 2006-2007 ended August 31, 2007, with U.S. soybean exports totaling 1.11 billion bushels.

China retains its title from last year as the number one importer of U.S. soybeans, importing 420 million bushels during this past marketing year. This is up from just over 356 million bushels in the 2005-2006 marketing year. Mexico came in as the second-largest customer for U.S. soybean farmers, importing 141 million bushels, followed by Japan, which imported 116 million bushels.

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