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Soybean transportation more predictable in the U.S., vs. Brazil or Argentina, finds new study by HighQuest Consulting (11.13.2014)

DANVERS, Mass., November 13, 2014 – Advisory experts from globally-recognized HighQuest Consulting have completed a study that compares the cost, transit time and predictability of transporting soybeans from the U.S., Brazil and Argentina to nine international destinations.

The 65-page study, performed on behalf of the United States Soybean Export Council (USSEC) and the Soy Transportation Coalition (STC), highlights the reasons that have resulted in the U.S. soybean industry achieving the reputation of being the most cost effective and reliable supplier of soybeans and soy products in the international marketplace.

“Our detailed study of soybean transportation networks concluded that despite the fact that the majority of U.S. inland soybean origination is further away from the export terminals than Brazil or Argentina, its system of roads, bridges, highways, railroads, and navigable waterways and ports place it in the position to be the most economical and reliable supplier to international customers,” said Bill Devens, managing director and co-head of HighQuest Consulting.

The findings are further supported with research on transit times, noting that soybean shipments from the U.S. will arrive within three days of expected delivery date. That number rises to seven days for shipments from Argentina, and to 15 days when arriving from Brazil. Additionally, the study explains through detailed tables and graphs the differences in transportation costs and predictability for each of the following nine international destinations:

• Shanghai, China
• Tokyo, Japan
• Kaohiung, Taiwan
• Jakarta, Indonesia
• Ho Chi Minh City, Vietnam
• Manila, Philippines
• Hamburg, Germany
• Rotterdam, the Netherlands
• Port Said, Egypt

“This study is a key benchmark in our close watch over the transportation industry in the U.S., where in the past couple of years, while still on par with exceptional delivery, transit times have increased, particularly in the Pacific Northwest area,” said Mike Steenhoek, executive director of the Soy Transportation Coalition. “We need to remain diligent in the examination of these issues to ensure our nation improves its transportation for the agricultural sector, and this study provides valuable information in that endeavor.”

The full study can be viewed here.
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HighQuest Consulting, which is the premier strategic advisory firm to companies, investors, trade associations and governmental organizations operating in the global agribusiness and food industries, has worked with hundreds of public and private sector organizations in over 100 countries since its inception in 2000.

The company’s consultants, who leverage a combined 150+ years of experience, knowledge and insight in the agribusiness and food industries, often advise on merger and acquisition transactions, business and market strategy, feasibility studies and due diligence engagements. Clients include agricultural commodity handlers and multinational agricultural trading houses, banking institutions and private equity firms, as well as food and feed processors and agricultural science and technology companies. www.highquestconsulting.com

Established in 2007, the Soy Transportation Coalition is comprised of 12 state soybean boards, the American Soybean Association and the United Soybean Board. The goal of the organization is to position the soybean industry to benefit from a transportation system that delivers cost effective, reliable and competitive service. www.soytransportation.org

The United States Soybean Export Council (USSEC) is a dynamic partnership of key stakeholders representing soybean producers, commodity shippers, merchandisers, allied agribusinesses and agricultural organizations. Through a global network of international offices and strong support in the U.S., USSEC helps build a preference for U.S. soybeans and soybean products, advocate for the use of soy in feed, aquaculture and human consumption, promote the benefits of soy use through education and connect industry leaders through a robust membership program. www.ussec.org

CONTACT: Michelle Pelletier Marshall
PR/Media Manager, HighQuest Partners
978.887.8800, x117
mmarshall@highquestpartners.com

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