News & Events
This week's U.S. Grains Council Chart of the Week shows import projections from the U.S. Department of Agriculture's Economic Research Service (USDA ERS). Developing economies are surging demand for global grains. Japan has long held the title as the world's largest coarse grain importer, led by world class infrastructure and robust corn imports. However, with a stagnant economy and aging population, recent data suggests they may not only lose the crown, but fall to third place amongst grain importers in less than ten years.
This week's U.S. Grains Council Chart of the Week shows the U.S. Department of Agriculture's (USDA) projections for changes in corn export patterns over the coming ten years based on the recently released USDA Agricultural Long-Term Projections to 2022. The United States, former Soviet Union, Argentina, and South Africa are expected to increase export volume. The EU, Brazil, and other current exporters are projected to experience a net decline.
This week's U.S. Grains Council Chart of the Week shows poultry meat consumption in the Middle East, Southeast Asia, Sub-Saharan Africa and South Asia. The pattern of increased poultry meat consumption in developing countries reflects the growing demand for improved diets. This chart suggests that the higher commodity and input prices in recent years have had little impact on the growth of poultry meat consumption in the developing world.
This week's U.S. Grains Council Chart of the Week shows the corn supply and demand for Venezuela over the past 20 years. The chart demonstrates a dramatic increase in corn imports starting in 2006. Overall local corn production in Venezuela has been increasing, but has not kept up with demand.
This week's U.S. Grains Council Chart of the Week shows world coarse grain (corn, sorghum, and barley) production and consumption over the past 10 years.
The chart demonstrates that world production continues to grow, albeit with occasional setbacks. Below-trend U.S. production in 2012 reduced world coarse grain supplies and has led to higher prices that tend to reduce consumption.
This week's U.S. Grains Council Chart of the Week shows U.S. distiller's dried grains with solubles (DDGS) exports to Japan since 2004. According to the Ministry of Finance Customs, Japan imported more than 384,000 metric tons of U.S. DDGS between January and October 2012, marking the highest imports on record. According to USGC Director in Japan, Tommy Hamamoto, imports are on track to reach 450,000 metric tons in calendar year 2012. Hamamoto also suggested that imports could increase even more in 2013, provided that U.S.
This week's U.S. Grains Council Chart of the Week shows China's corn imports by month for the past three market years.
This week's U.S. Grains Council Chart of the Week shows the coarse grains supply and demand for Brazil. With tight U.S. corn supplies, many global importers have turned to South America to produce a good crop. In Brazil, conditions early in the season were dry, and while there may be some small losses in the very early planted corn in Rio Grande do Sul, it is unlikely to impact overall production numbers, according to Alfredo Navarro, a consultant for the Council based in Brazil.
This week's U.S. Grains Council Chart of the Week shows the coarse grains supply and demand for Argentina. With tight U.S. corn supplies, many global importers are looking to South America to produce a good crop to help bridge the gap and keep prices in check.
This week's U.S. Grains Council's Chart of the Week shows non-U.S. coarse grain production of corn, sorghum and barley over the past 10 years. In this time, production has grown almost 200 million metric tons or 36 percent, although 2012/2013 production is projected to be unchanged from last year due to disappointing harvests in other northern hemisphere countries (Europe, Russia and other Black Sea producers).