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ISA highlights soy’s role in Mexico

The Iowa Soybean Association says Mexico is a strategic trading partner for U.S. soy farmers.

ISA District 7 Director Lee Brooke says farmers are looking to build upon their 88% market share in Mexico. “They know they can buy at times in the year from Brazil at a cheaper price when Brazil is harvesting, but they don’t like the quality. They like the U.S. quality.”

Mexico ranks as the second-largest single export market, consuming 14 million metric tons of soy from the U.S. in 2023, valued at nearly $4.8 billion.

Brooke recently returned from an ag trade trip to the country, and tells Brownfield he was able to hear and see buyer satisfaction first-hand.

“There is a huge demand down there,” he said. “They grow very little soy just because of their soil and topography. There’s just not much room for growth in that at all.”

He says there is an increased need for understanding U.S. soy advantages compared to market competitors like Brazil.