Project Summary

Driven by fluctuating global oilseed markets and shifting trade dynamics, the project aims to identify new avenues for North Dakota's soybean (beans and meal) exports through cutting-edge economic analysis and forecasting. Amid a backdrop of declining global oilseed prices, record-high world soybean production, and significant market share shifts, this research seeks to improve modeling capacities at North Dakota State University to understand the complex landscape of international demand, with a particular focus on the influence of China and the implications of increased U.S. bio-diesel production.

This project supports the North Dakota Soybean Council's (NDSC) strategic market development objectives by identifying and quantifying international buyers' potential in untapped or expanding markets. It directly addresses the needs of two primary target audiences: North Dakota (ND) soybean farmers and international buyers in crucial Pacific Northwest (PNW) markets looking to diversify and expand their market presence.

The outcome of this research will offer NDSC and ND soybean farmers strategic insights into emerging foreign markets that hold the potential for increased exports. These insights will include detailed market analyses, risk assessments, and recommendations for engaging with new or growing markets, considering the complex interplay of global supply