Oct 17, 2019
(From left) Dr. Frayne Olson, associate professor and crop economist, assists an NCI Soy Procurement course participant in reading the Chicago Board of Trade (CBOT) future prices for soybeans. Credit: NCI
As Cambodian feed millers increase purchases of U.S. soybean meal, they're looking for smarter ways to buy.
In October, two representatives from a Cambodian feed mill attended the Northern Crops Institute (NCI) Soy Procurement course, where they learned how to develop a risk management plan for their mill to establish predictable prices.
During the course, they also had the opportunity to meet with four U.S. exporters. WISHH Asia Director Alan F. Poock escorted the team and met with NCI and the North Dakota Soybean Council on future WISHH programs and events. Funding for the trade team was provided by the Foreign Agricultural Service (FAS) Foreign Market Development (FMD) and North Dakota Soybean Council.