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International market development is crucial to the future of the soybean industry. Nearly every other row of soybeans is exported, so overseas markets play a big role in soybean farmers' profitability.
U.S. soy has the fewest trade barriers among all world agriculture exports, allowing soybean exports to have more access than other commodities. The U.S. soybean industry has taken advantage of this access. Total U.S. soybean exports have nearly doubled since 1984, from nearly 598 million bushels to over 1.1 billion bushels in 2005. Exports to China have more than doubled in the last five years, from over 197 million bushels to over 432 million bushels.
The Kansas Soybean Commission works with the national soybean checkoff to promote U.S. soybeans to international markets.
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