News Articles - China
Despite Small Changes, Volatility Inevitable as WASDE Released During the Trade
- Article Information
- Category: Word from the Ground
- Published on Tuesday, 12 June 2012 18:46
- Matching Keywords: China
By Kevin M. Roepke, U.S. Grains Council Manager of International Operations
Commodity trading ushered in a new era this morning with the release of the World Agricultural Outlook Board's (WAOB) World Agricultural Supply and Demand Estimate, and simultaneous trading, as the CME Group's new 21 hour trading format was put to the test. In a scene cut straight out of John Landis's 1983 film Trading Places, starring Dan Aykroyd and Eddie Murphy, traders anxiously paused and awaited the news of world demand and weather implications on this year's crops.
Export Commodity Mix Differs Among Top Three U.S. Markets
- Article Information
- Category: Chart of the Week
- Published on Thursday, 31 May 2012 15:55
- Matching Keywords: China
The U.S. Department of Agriculture reports that in terms of value for U.S. agriculture exports, both Canada and Mexico are close to China as top markets, all markets in which the U.S. Grains Council is heavily active in. The purchasing of each individual market is in the neighborhood of $18 billion annually. This chart illustrates the different mix of commodity purchases for each of these key markets. As the chart illustrates, oilseeds make up more than 50 percent of China's agriculture imports from the United States. About 45 percent of U.S. agriculture exports to Canada are horticultural products, while U.S. agriculture exports to Mexico are more evenly distributed, but feeds and grains make up the majority of exports to Mexico. As you can see, all three markets are dominated by a different export, proving the diversity of U.S. agriculture exports.
U.S. DDGS Exports
- Article Information
- Category: Chart of the Week
- Published on Thursday, 19 April 2012 16:19
- Matching Keywords: China
The Census Bureau reported U.S. DDGS exports at 612,638 metric tons in February, which is a 1 percent increase over January exports. China (blue line) accounted for 25 percent, or almost 150,000 metric tons, of total shipments.As the largest swine producer and consumer, China will increasingly become a more consistent importer of feed grains.
Why Assessing China’s Demand for Corn Remains Uncertain
- Article Information
- Category: Word from the Ground
- Published on Monday, 16 April 2012 15:19
- Matching Keywords: China
By Ross Korves, USGC Consultant, Economic Policy Analyst
A recent buyer workshop tour through China reiterated a well-known fact that China will become a large and permanent importer of corn. Discussions with local buyers and end-users projected 
import volume to reach anywhere between 10 to 30 million metric tons (390 million – 1.2 billion bushels) of U.S. corn over the next several years.
Nevertheless, the lack of consistent market data on China's production capabilities remains an ongoing challenge in obtaining more precise estimates of China's future demand schedule. The wide range of import projections, given previously, only confirms that market intelligence is nontransparent, even among domestic producers. Moreover, the market information that does exist is not publicly shared.
Bryan Lohmar Named U.S. Grains Council China Director
- Article Information
- Category: News Room
- Published on Monday, 02 April 2012 17:39
- Matching Keywords: China
The U.S. Grains Council is pleased to announce the appointment of Dr. Bryan Lohmar as its new director in China. In this capacity, Lohmar will oversee the Council's programs in the country while maintaining and fostering key relationships with Chinese policy officials. Lohmar comes with a wealth of industry knowledge and experience having most recently served a three-year stint as the director of economic research for Bunge CHINA in Shanghai. Prior to that, he was an economist for USDA's Economic Research Service, where he focused on a wide range of agricultural production and trade topics, many pertaining to China.
