BUSINESS MEMO: NEW SOY PRODUCT

A new soy-based wood adhesive is expected to help increase domestic U.S. soybean use and assist U.S. lumber companies in producing environmentally friendly finger-joined lumber more efficiency.

Soy-based wood adhesives have the potential to use 23 million bushels of soybeans by the year 2005. Long-term soy-based adhesive for use in finger-jointed lumber, as well as particleboard, fiberboard an other lumber produces under development by the checkoff, have the potential to consume more than 150 million bushels of soybeans a year, according to the United Soybean Board (USB).

Soybeans are used in hundreds of products. The USB has a goal of developing eight new uses for soybean products by 2005, hoping to build markets and increase soybean use.