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.