News & Events
Newly-inaugurated President Donald Trump has already followed through with key campaign promises related to trade policy - moves that have rightfully caused concern among grain farmers whose price is being supported by robust export sales of this year.
Exports of U.S. feed grains have a promising outlook after the completion of the first quarter of the 2016/2017 marketing year, according to recently published U.S. Department of Agriculture (USDA) trade data.
Total exports of feed grains in all forms in September, October and November 2016 reached 27.9 million metric tons (1.1 billion bushels), up 32 percent from the same quarter last year.
China's Ministry of Commerce (MOFCOM) announced Tuesday that it will subject U.S. distiller's dried grains with solubles (DDGS) to anti-dumping and countervailing duties (AD/CVDs) following a year-long investigation, the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed grains and related products, specifically corn, DDGS and ethanol.
A statement from U.S. Grains Council (USGC) President and CEO Tom Sleight:
"The announcement Tuesday by China's Ministry of Commerce (MOFCOM) that it will subject U.S. distiller's dried grains with solubles (DDGS) to anti-dumping and countervailing duties (AD/CVDs) is the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed grains and related products, specifically corn, distiller's dried grains (DDGS) and ethanol.
While low prices are challenging to farmers, they are an opportunity for global grain buyers who can help boost the U.S. farm economy with their purchases.
To help spur demand in the Western Hemisphere among both experienced and new buyers, the U.S. Grains Council's (USGC's) office there has held a series of trade schools this fall.
Marri Carrow, director of the Western Hemisphere Office for the U.S. Grains Council (USGC), recently discussed the exciting trade picture in her region with the with the National Association of Farm Broadcasting (NAFB).
With a record crop year in the books, U.S. farmers are now turning their sights to the 2017 planting season. And while there are still many unknowns - weather, crop yields, market fluctuations and a new political environment - one thing is certain: strong trade policies and dedicated market development will be critical to their success.
Grain trade experts from the U.S. Grains Council (USGC) visited Ireland and Israel late last year to meet with customers in those markets, which have become increasingly important if non-traditional importers of U.S. corn and co-products.
Ireland has imported 95,000 metric tons (3.7 million bushels) of U.S. corn in the first three months of this marketing year, which is nearly half the amount it imported the prior marketing year, 170,000 metric tons (6.7 million bushels). Israel imported 386,000 metric tons (15 million bushels) of U.S. corn in the last marketing year.
The U.S. Grains Council's annual corn harvest quality report is now available to global customers, who will receive in-depth reviews of its results over the next two months at a series of conferences and consultations in major corn importing markets.
More than 185 buying officials, feed manufacturers, corn millers, traders and end-users gathered in Seoul, South Korea, recently to improve their understanding of the U.S. grain supply and demand outlook for the coming year.
The annual feed grains trade seminar builds upon the established relationship between the U.S Grains Council (USGC) and the Korean Feed Association (KFA). USGC has been active in South Korea since opening an office in Seoul in 1972, and South Korea remains one of the United States' most important export markets for coarse grains and related products.
The numbers are in and this fall's Export Exchange, hosted by the U.S. Grains Council (USGC) and the Renewable Fuels Association (RFA), is already paying dividends - to the tune of nearly a half billion dollars' worth of grain and ethanol co-product sales.
In total, attendees of this biennial networking event reported sales of approximately 2.6 million metric tons of grains and co-products worth $460 million either at the conference or immediately before or after it.