News & Events
This week’s U.S. Grains Council’s (USGC’s) Chart of Note illustrates the importance of trade liberalization, demonstrating that U.S. corn exports to four Latin American markets with recent free trade agreements (FTAs) have vastly outperformed U.S. corn exports to the rest of the world.
The U.S. Grains Council (USGC) is working with partners including the U.S. Department of Agriculture’s (USDA’s) Foreign Agricultural Service (FAS), the Renewable Fuels Association (RFA) and Growth Energy to develop and execute global market development programs for U.S. ethanol in select markets including Canada, China, Colombia, the European Union, Japan, Mexico and the Philippines.
This week’s U.S. Grains Council’s Chart of Note illustrates that Colombia is importing a similar amount of U.S. corn in the first four months of this calendar year as compared to last year and will likely exhaust its duty-free quota soon. This is in stark contrast to just two years before when only 18,500 metric tons (728,000 bushels) of U.S. corn were imported by Colombia from January to April 30. This large increase in the past two years was made possible by both greater availability and the U.S.-Colombia free trade agreement (FTA).
This week’s U.S. Grains Council’s (USGC’s) Chart of Note illustrates the wide range of markets for U.S. ethanol exports in 2014. This is a change from just four years ago, when more than 80 percent of U.S. ethanol was exported to Brazil, Canada and the European Union.
This week’s U.S. Grains Council (USGC) Chart of Note illustrates that projected U.S. sorghum exports for the 2014/2015 marketing year are expected to be 10 times larger than just a few years ago, during the 2011/2012 marketing year. This sizeable increase is mostly attributable to China, which has had surging demand since receiving its first bulk shipment on Oct. 13, 2013.
This week’s U.S. Grains Council’s (USGC's) Chart of Note illustrates that global corn stocks for the 2014/2015 marketing year are projected to be 185.3 million metric tons (7.3 billion bushels), the largest ending stocks since the 1999/2000 marketing year when 194.4 million tons (7.7 billion bushels) were carried over, according to the U.S. Department of Agriculture (USDA).
According to the latest figures from the U.S. Department of Agriculture (USDA), U.S. producers will plant an estimated 89 million acres (36 million hectares) of corn this year, down 1.8 percent from 2014/2015’s plantings of 90.6 million acres (36.6 million hectares).
This week’s U.S. Grains Council’s (USGC’s) Chart of Note illustrates the stunning record of more than 18 million metric tons of total coarse grains and co-products imported by China from October 2013 to September 2014.
This week’s U.S. Grains Council’s (USGC) Chart of Note illustrates the importance of the top four Latin American corn importers - Mexico, Colombia, Venezuela and Peru - in the world corn market this marketing year in comparison to expected top 10 markets.
The top four corn importing countries in Latin America are estimated to make up more than a quarter of the world market for corn this year. In fact, combined they are expected to import more corn from the world than Japan, which is currently the top destination for U.S. corn.
This week’s Chart of Note illustrates the high quality of U.S. corn at harvest demonstrated in the U.S. Grains Council’s (USGC) 2014/2015 Corn Harvest Quality Report. According to this analysis, most samples from the 2014 U.S. corn crop would grade No. 1 based on the four grading factors of test weight, broken corn and foreign material (BCFM), total damage and heat damage.