US Sorghum Sales to China Surge

US Sorghum Sales to China Surge

This week's U.S. Grains Council Chart of the Week shows that U.S. sorghum sales to China have surged in the current 2013/2014 marketing year that began Sept. 1, 2013, up from zero last year to more than 1.6 million metric tons (62.9 million bushels) of combined exports and outstanding sales this year through Jan. 24. U.S. sorghum exports and outstanding sales to Japan also are up this year – from 91,700 tons (3.6 million bushels) last year to 270,400 tons (10.6 million bushels) this year.

First Four Months of US Corn Exports, Outstanding Sales Outpaces Previous Year’s Total

U.S. Corn Exports and Outstanding Sales Chart

This week's U.S. Grains Council Chart of the Week shows that U.S. exports and outstanding sales in the first several months of the current corn marketing year have more than doubled since the same time period of the previous year and have already exceeded the accumulated total sales of the 2012/2013 marketing year.

The Sky’s the Limit: Latin America’s U.S. Corn Imports

Latin America U.S. Corn Imports Chart

This week's U.S. Grains Council Chart of the Week shows the change the change in imports of U.S. corn from 2012 to 2013 in 14 Latin American countries. According to the USDA, the Western Hemisphere's accumulated U.S. corn imports are more than 1.7 million metric tons (67 million bushels) ahead of last year at this same time. Mexico, the second-largest U.S. corn market, is the largest contributor to this market change, importing 1 million tons (39.4 million bushels) more than last year.

Global Corn Demand Up: The Second Tier Markets

Second Tier Global Corn Markets Chart

Last week's U.S. Grains Council chart of the week showed USDA's projected imports by the top 10 global corn markets while this week's Council chart of the week shows projected corn imports for the second tier of top importers.While the top 10 importers account for about two-thirds of global corn trade, the next tier account for an additional 20 percent of global trade. Of the top 20 world corn importers, 19 are at least one million ton (39 million bushels) markets.

Global Corn Demand Up: Where is it Going

This week's U.S. Grains Council Chart of the Week shows the USDA's projected global corn trade in 2013/14. According to USDA global corn trade will be 102.1 million metric tons (4 billion bushels) in 2013/14, up from 97.6 million tons (3.8 billion bushels) in 2012/13. The top 10 corn importing countries account for 68 million tons (2.7 billion bushels) – about two-thirds of global corn trade.

Brazil’s Second Crop Planting Shifts to Corn

Brazil Corn

This week's US Grains Council Chart of the Week illustrates the dramatic growth in importance of Brazil's winter corn crop (the second crop, traditionally called the little crop).

Historically Brazil's summer crop (first crop) was the major corn crop, planted during its spring (October and November) season-harvested in March and April. However, in recent years corn planting for the winter crop has expanded rapidly, while soybean planting during the spring season has taken area away from the planted corn.

Global Food Security: Current Trends Insufficient

This week's U.S. Grains Council Chart of the Week illustrates the findings of a recently released study that concludes yield growth trends of major crops – corn, rice, wheat and soybeans – are not sufficient to double global crop production by the year 2050 without bringing additional land under cultivation.

A doubling of major crop production is thought to be necessary to meet rising consumer demand driven by population and income growth.

US Corn Prices Have Little Effect on Japanese Meat Prices

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.

US Planted Acres

Prospective Plantings Report

This week's U.S. Grains Council Chart of the Week shows projected acres from the U.S. Department of Agriculture's (USDA) Prospective Plantings Report released today. The report projects increases in planted acres for corn, sorghum and wheat, with very small declines in soybean and barley acres.

Using USDA's trend yield for corn and assuming 90 percent of planted acres are harvested, this amount of planted acres would produce a 363.8 million metric tons (14.323 billion bushel) corn harvest in 2013.