Chart of the Week
US Corn Exports During the September-August Marketing Year
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- Category: Chart of the Week
- Published on Thursday, 27 September 2012 19:31
The following chart shows U.S. corn exports to select markets during the recently completed 2011/12 corn marketing year in comparison to exports last year. While there has been a significant drop in U.S. sales to most markets, China and Mexico are the exceptions to this pattern, with noticeable increases.Total U.S. corn exports in the marketing year of 2011/12 reached 37.7 million metric tons (MMT), down from 7.4 MMT from the total U.S. corn export of 45.3 MMT in 2010/11. While corn quality was very good in 2011, total production was below trend yields, so competitors again made inroads into U.S. market share. Projected total world corn trade is up in 2011/12 by 10.8 MMT compared to 2010/11, while U.S. exports declined.
US DDGS Sales by Calendar Year
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- Category: Chart of the Week
- Published on Thursday, 30 August 2012 20:58
The chart shows the importance of the top ten markets, which account for all but about 1 mmt of total U.S. exports. Mexico and Canada started out as the top two markets, but were challenged by China in 2010 and 2011 in spite of the anti-dumping investigation in China in 2011. The year-to-date exports show that total DDGS exports are tracking at a higher pace than 2011, but that growth is driven by China, recovering its imports from last year with the uncertainty of the antidumping case behind us. Interestingly, even in 2011 China was the number 2 market.
Growth of China’s Corn Imports, Continued Dominant US Share
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- Category: Chart of the Week
- Published on Thursday, 23 August 2012 20:57
The graph shows China imports of corn and the U.S. market share. Growing from almost nothing, China’s corn imports reach 5 million metric tons (197 million bushels) in the marketing year just ending, with almost all imports from the United States.
According to the U.S. Grains Council, China is the second largest corn producer in the world was at one time our biggest competitor in corn exports. However, rapid economic growth, urbanization and consumer demand for improved diets has seen China’s corn demand surge beyond its own productive capacity. For corn imports China has turned almost exclusively to the United States.
