What is in this article?:
- ASA: Panama Canal expansion crucial for exports
- No. 1 export commodity
• Soybeans and soybean products are the No. 1 United States export commodity.
• Last year, the U.S. exported a record-setting $23 billion in soybeans, soybean oil and soybean meal.
• This amount represents one-fifth of all U.S. agricultural exports and over 50 percent of U.S. soybean production.
No. 1 export commodity
Soybeans and soybean products are the No. 1 United States export commodity. Last year, the U.S. exported a record-setting $23 billion in soybeans, soybean oil and soybean meal. This amount represents one-fifth of all U.S. agricultural exports and over 50 percent of U.S. soybean production.
The Panama Canal expansion provides an opportunity for the United States to improve its international competitiveness, but only if the U.S. makes the decisions and investments necessary to improve internal transportation infrastructure that supports U.S. exports.
“Put simply, the United States needs to modernize our infrastructure and ensure we are positioned to compete down the road,” Joslin added. “As the policy arm of the U.S. soybean industry, the American Soybean Association will continue to work with policymakers to address our current and future transportation modernization infrastructure needs. This includes our ports and inland waterways, as well as our rail industry and highways.”
The STC is an organization comprised of the American Soybean Association, United Soybean Board, and nine state soybean boards — Illinois Soybean Association, Indiana Soybean Alliance, Iowa Soybean Association, Kansas Soybean Commission, Kentucky Soybean Board, Nebraska Soybean Board, North Dakota Soybean Council, Ohio Soybean Council, and South Dakota Soybean Research and Promotion Council — to position the U.S. soybean industry to benefit from a transportation system that delivers cost effective, reliable, and competitive service.