News & Events
- Japanese coarse grains and co-products buyers will be seeking to build relationships with U.S. suppliers and agribusinesses at Export Exchange 2014
- Japanese attendees will include corn millers, feed millers and traders from 15 prominent Japanese companies
- Japan imported 11.7 million metric tons (460.6 million bushels) of U.S. corn last marketing year, making it the largest U.S. corn market overseas
WASHINGTON, D.C., Sept.
The numbers are looking good for U.S. exports, welcomed news for the U.S. Grains Council, which promotes the export of U.S. corn, sorghum, barley and related products.
U.S. goods exports, which include both manufactured and agricultural exports, hit a record high in July with a value of $138.6 billion, according to the U.S. Department of Commerce.
The United States recorded its highest ever monthly exports of distiller’s dried grain with solubles (DDGS) in July, bringing the total U.S. DDGS exported this marketing year to 7.2 million metric tons, a 48 percent increase over the same time period last year.
Behind this market expansion are U.S. Grains Council educational seminars and feeding trials, complimented by consistent end-user contact and support. In emerging markets around the world, the Council continues to work to expand the market for U.S. DDGS.
Despite their aim for a final outcome later this year, negotiators from the 12 countries engaged in the Trans-Pacific Partnership (TPP) talks did not achieve any major breakthroughs in recent meetings.
Chart of Note
This Chart of Note shows the theoretical volume of ethanol demand by non-U.S. markets with existing biofuels mandates. If countries enforced existing biofuels mandates using ethanol, their gasoline use in 2012 would suggest that the top 10 ethanol consumers would require 3.5 billion gallons of the renewable fuel. The next 10 would add another 393 million gallons of demand.
Word from the Ground
By: Javier Chavez, U.S. Grains Council Marketing Specialist in Mexico
Latin America’s primary use of barley is in the brewing sector, either as malt or malting barley. To strengthen this growing sector’s ties with U.S. barley producers and malt exporters, the U.S. Grains Council recently escorted two teams from Latin America and Mexico to key U.S. barley growing areas including Colorado, Montana and North Dakota.