- 16 May 2013 | News RoomThe U.S. Department of Agriculture (USDA) released its May 2013 World Agricultural Supply and Demand Estimates (WASDE) last week. This is the first WASDE to provide official USDA supply-demand estimates for the 2013/14 crop. The estimates will be updated monthly. Here are some key messaging points from a U.S. Grains Council perspective:
- 16 May 2013 | News Room"The major corn exporting countries have a tremendous opportunity," said U.S. Grains Council Chairman Don Fast, "and the formation this week of the MAIZALL Alliance is a big step towards turning that opportunity into a reality."
MAIZALL is an alliance of the leading corn sector producer organizations in the three leading corn exporting countries, the United States, Brazil, and Argentina. A formal memorandum of understanding (MOU) was signed May 14 by the presidents/chairmen of the U.S. Grains Council, the National Corn Growers Association, ABRAMHILO (Brazil), and MAIZAR (Argentina). The signing was the signature event of the 2013 MAIZAR national conference in Buenos Aires.
- 16 May 2013 | News RoomThe world's longest undefended border won't be the only thing shared between the United States and Canada this summer. Join more than 200 U.S. corn, barley, sorghum farmers and agribusiness representatives as they discuss trading insights and perspectives with their Canadian counterparts in Ottawa, Ontario, for the U.S. Grains Council's 53rd Annual Board of Delegates Meeting July 29-31, 2013.
- 16 May 2013 | News Room
A memorandum of understanding was signed Tuesday to form an alliance of North and South American maize producers. U.S. Grains Council President and CEO Tom Sleight says the U.S. Grains Council, National Corn Growers Association, MAIZAR and ABRAMILHO will function under the name MAIZALL - The International Maize Alliance. Click here to listen.
Chart of the Week
It's an undeniable fact that corn represents a large proportion of our foodstuffs. Everything from meat to soda to plastic contains some variety of corn products. Of course, the product that gets the most media attention is gasohol, otherwise known as ethanol. Even with the world's largest ethanol industry, the United States will over time bounce back from 2013's drought-depressed levels to remain the world's leading corn exporter. Therefore, internationally, ethanol is often made the scapegoat for the rising cost of animal production, which contributes to the rising consumer price index (CPI). But as long-time students of the matter know, the data tell a different story. Japan is the United States' largest importer of corn and this week's U.S. Grains Council Chart of the Week graphs the price of corn versus the Japanese CPI and more selectively, the "meat CPI."
Word from the Ground
U.S. Grains Council President and CEO Tom Sleight applauded the Senate Agriculture Committee for its work to approve farm bill legislation Tuesday. Sleight says he's optimistic - though cautious - because we've been down this road before. When it comes to the continued expansion of U.S. agricultural exports - he says it's important for Congress to approve a comprehensive, five-year farm bill before the current extension expires.