News & Events
U.S. Grains Council (USGC) staff and consultants participated in this month’s annual meetings of Growth Energy and the Renewable Fuels Association (RFA), highlighting both the overseas market potential for U.S.-produced ethanol and the partnership between the three organizations helping to build that demand.
By the Numbers
• $1.5 trillion: Increase in real incomes due to liberalizing trade efforts since World War II (Peterson Economics)
• $82 billion: Annual economic output in 2014 due to exports of feed grains and grain products (Informa Economics)
• 371,536: Number of full-time equivalent jobs linked directly or indirectly to grain and grain product exports in 2014 (Informa Economics)
U.S. feed grains saw a near-record level of exports in the 2015/2016 marketing year - a story that's critical to tell in farm country and easier to communicate with a new set of infographics available from the U.S. Grains Council (USGC).
In the last corn marketing year, which ran from September 2015 to August 2016, the top overseas customers of U.S. corn were Mexico, Japan, Colombia, South Korea and Peru, respectively. In the previous marketing year, Japan was the top U.S. corn destination, with Mexico ranking second.
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.
Exports of U.S. ethanol are off to a strong start for the first quarter of the 2016/2017 marketing year and are at their highest levels during that time frame over the past five years, according to data recently released by the U.S. Department of Agriculture's Global Agricultural Trade System (GATS).
Exports totaled 353.2 million gallons for the months of September, October and November 2016, the first quarter of marketing year 2016/2017.
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.
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.