USSEC hosted a Korean soybean meal (SBM) and crushing buyers’ team in the U.S. from June 11-18. The team’s visit was funded by the Indiana Soybean Alliance (ISA). The objective of the visit was to promote the intrinsic value of SBM processed from U.S. soybeans and discuss the U.S. Soybean Sustainability Assurance Protocol. Another goal was to develop business partnerships between the Korean buyers and U.S. suppliers of soybeans and SBM.
Team members included the leadership of Korea’s crushing and feed industries including the CEO and chairman of Korea Feed Association and the chairman of Korea Soybean Processors Association. The delegates visited export elevators in New Orleans; the Indiana State House, crushing plants and soybean farms in Indiana; and containerized soybean and SBM suppliers, CME and BNSF in Chicago. The CEO of ISA and her staff accompanied the team on the visits and meetings in Indiana. Through these meetings and observations, the Korean team members improved their understanding about the U.S. Soy industry’s commitment to supply U.S. Soy products to the global market in a sustainable manner.