Jim Sutter, USSEC

This week’s Open Mic guest is Jim Sutter, CEO of the U.S. Soybean Export Council. Sutter sees an end to the current short supply of soybean oil and other vegetable crops. He expects global soybean farmers to respond to higher prices with increased plantings to meet growing demand. Sutter expects soybean oil demand to increase and suggests USSEC is working to grow market opportunities for soybean meal globally. Sutter is pleased with the U.S. investment in infrastructure but is concerned that the Biden administration doesn’t have Trade Promotion Authority with this Congress needed to ratify any new trade agreement as written.