Chart of Note: Top Customer, Japan, Returns To U.S. Sourcing For Corn

This week's U.S. Grains Council (USGC) Chart of Note illustrates Japan’s returned interest and preference for purchasing U.S. corn. During March, Japan purchased more than 1 million metric tons (39.368 million bushels) of U.S. corn, and the country has already topped those sales during the first three weeks of April.

Japan Initiates TPP Ratification Process

While the United States is likely months away from formal consideration of the Trans-Pacific Partnership (TPP) agreement, the Japanese government announced this week it is initiating efforts for legislative ratification of the pact.

The announcement came through adoption of a Cabinet resolution that says the Japanese government will submit 11 bills to the Japanese Parliament, known as the Diet, aiming at ratifying TPP and enacting the bills required for approval of TPP.

USGC Looks to Ethanol Potential In Asian Markets

A team of U.S. Grains Council (USGC) staff and two ethanol industry representatives traveled to Japan, Korea and Taiwan last month to review the ethanol markets in these countries and evaluate potential for ongoing U.S. ethanol export promotion programs in the region.

The team visited quasi-governmental organizations, government agencies, industry experts and representatives to both network and discuss possible in-roads for U.S. ethanol.

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