soybean field

USSEC To Sponsor 4th Annual Food Soybean Procurement Program at NCI

USSEC will be sponsoring the Northern Crop Institute’s (NCI) fourth annual Soybean Procurement Management Program for Importers in Fargo, North Dakota from October 10-14.
This course is designed to bring together suppliers and buyers of specialty soybeans to determine how U.S. food soybean exporters can best meet buyers’ needs.
Topics covered will include: world and U.S. soybean production and outlook; using fundamental analysis to predict future prices of commodities; soybean hedging principles; implications for soybean importing decisions; and contracting strategies for soybean imports.
The program will also feature field visits and hands-on time, including a tour of food grade soybean processing facilities; a soybean field visit and demonstration to help buyers understand the process of harvesting and storage); a visit to the North Dakota Grain Inspection Service to learn about soybean grading standards/quality characteristics; and a soymilk demonstration and sensory evaluations.
Both suppliers of specialty soybeans and companies participating in the course will give presentations.
“This is a great program that helps current and prospective importers of U.S. identity preserved food grade soybeans do a better job of procuring their ingredient needs and managing their risk,” says Marypat Corbett, USSEC Marketing Director – Human Nutrition/Oil.