The U.S. is losing soybean
market share to Brazil in China over protein. Reuters says soybean growers in
the U.S. seeking higher-yielding crops is robbing the crop of protein content.
A decline in protein levels make soybeans less valuable to the $400 billion
feed industry in China A decade ago, the United States supplied 38 percent of
soybeans to China, the world's top importer, compared to 34 percent from
Brazil. Now, Brazil supplies 57 percent of Chinese imports compared to 31 from
the United States, according to China's General Administration of Customs. The
United Soybean Board is advocating that the industry takes protein content
seriously. The industry group will spend $5.6 million in fiscal year 2018 on
research and other efforts to boost protein, up from $3.7 million last year.
USB director Jared Hagert says: "China needs soybeans, and we're at risk
of becoming a residual supplier if we don't work on protein improvements.”
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