Get caught up on the top news stories in soybean production released in April 2019.
American Soybean Association (ASA)
In celebration of Soyfoods Month, the ASA salutes SESACO foods and beverages company for their work bringing the nutritional power of soy protein to Uganda citizens. In addition to adding soy protein to breads, beverages and school meals, this month, SESACO’s and its strategic partners introduced frozen soy dessert for the first time in Uganda and possibly all of East Africa.
The ASA argues the value of the United States-Mexico-Canada Agreement (USMCA) to soybean producers goes beyond what was demonstrated in the International Trade Commission’s report.
Despite previous high hopes, the ASA expresses its disappointment in the European Union’s vote to move forward with an EU-US Free Trade Agreement that excludes agriculture.
A bipartisan marker bill, the Biodiesel Tax Credit Extension Act of 2019, could provide a two-year extension of the $1 per gallon biodiesel and renewable blenders tax credit.
National Biodiesel Board (NBB)
The NBB and member companies sought to bring awareness to those impacted by the uncertainty over the future of the biodiesel tax incentive by releasing photos of industry workers. With the tax incentive now sixteen months expired, companies are required to build the credit’s value into contracts and hope for an extension of the policy.
Soy Aquaculture Alliance (SAA)
During the SAA Annual Coalition Meeting, expert speakers provided updates about ongoing work to support the U.S. Aquaculture Community. Research addressed during the meeting is key to continuing the growth of aquaculture in smart and efficient ways.
In March, China’s imports of soybeans from the United States rose as a result of truce in trade dispute. Though, cargo arrivals were still only half of last year’s volumes.
Soybean crush levels show steady pace in 2019 and the USDA projection indicates a 2.2% increase over last year’s levels.
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