Biofuels Mandates as Driver of Potential Ethanol Demand

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.

US Producers Bring Good News to Overseas Customers

Iowa Producer presents to Korean buyers and end-users

U.S. corn exports have staged a dramatic comeback in South Korea, driven by the record 2013 U.S. corn crop. However, the U.S. drought of 2012 is still fresh in the minds of Korean buyers. Tight supplies and higher prices due to the drought slashed Korean corn imports from the United States drastically in the 2012/2013 marketing year to less than 460,000 metric tons (18.1 million bushels), down from more than 3.5 million tons (137.8 million bushels) in the 2011/2012 marketing year. For this reason, Korean buyers and end-users are eager for reassuring news of the 2014/2015 U.S. corn crop.

Council Familiarizes Korean Swine Industry with Wean-to-Finish Model

Council Familiarizes Korean Swine Industry with Wean-to-Finish Model

By: Byong Ryol Min, U.S. Grains Council Director in Korea

While Korea's hog inventory has increased to more than 9.9 million head in 2013, Korea's demand for pork has outpaced its production. Primary due to its inability to supply high quality pork at competitive prices, the Korean swine industry is looking for new ways to be more efficient. This sector is very important for sustaining Korea's demand for U.S. grains, as it used 3.3 million metric tons of grain in 2013, or about 27 percent of the nation's total demand for grain.

Old Friend Sources US Again: USGC Report Addresses Concerns

Korea Corn Export Quality Report Seminar

The highly sophisticated Korean market, which has the ability to diversify sourcing and reformulate rations in response to pricing, has once again returned to purchasing U.S. corn. Driven by the record 2013 U.S. corn crop, so far this marketing year (Sept. 1 through April 24), U.S. corn exports to Korea have totaled almost 3.3 million metric tons (130 million bushels) versus 359,000 tons (14 million bushels) over the same period last year.

Korean Sales Rebound (Again)

Korea Corn

By: Byong Ryol Min, U.S. Grains Council Director in Korea

U.S. corn exports have staged a dramatic comeback in South Korea, driven by the record 2013 U.S. corn crop. Korean calendar year figures through March 31 show the United States with sales of 2.5 million tons (100 million bushels) for a market share of 48 percent, up from just 3.6 percent for the entire 2012/2013 marketing year, Sept. 1, 2012, to Aug. 31, 2013. Black Sea and South American producers trail with a 19 and 17 percent market share, respectively.

Sharing the 2013/14 US Corn Quality Report’s Findings Overseas

Corn Quality Rollout

The U.S. Grains Council recently released its 2013/2014 U.S. Corn Harvest Quality Report, which is intended to provide reliable, timely and transparent information on the quality of U.S. corn at harvest. This is the third year the Council has generated this report and the results are highly anticipated by overseas customers. The Council has begun conveying the report's findings of record production, high quality and minor weather-related impacts, to overseas audiences, starting in Taiwan and Korea.

Shooting for the Rebound: Korean Feed Grain Seminar Prompts US Purchasing Strategies

Shooting for the Rebound: Korean Feed Grain Seminar Prompts US Purchasing Strategies

By: Byong Ryol Min, U.S. Grains Council Director in Korea

Korea is a highly sophisticated market with the ability to diversify sourcing and reformulate rations in response to pricing. Following the 2012 drought when U.S. coarse grain prices were uncompetitive, the Korean market therefore responded swiftly with a significant drop in U.S. market share.

MAIZALL Launches; World’s Top Exporters Take the Stage

MAIZALL

After two years of discussion, planning and organization, MAIZALL this week took to the field, meeting with key government and feed industry leaders in South Korea and China. A partnership of the national corn producer organizations of Argentina, Brazil and the United States, MAIZALL is an alliance of the world's top three corn exporting countries, working together to advocate the elimination of trade barriers, acceptance of modern agricultural technology and enhancement of food security through trade.

A Stepping Stone for Korea’s Swine Industry

DDGS in China

Korean imports of U.S. distiller's dried grains with solubles (DDGS) have increased more than 100 percent since with continued growth potential as Korean nutritionists gain confidence in utilizing DDGS in swine rations. The U.S. Grains Council hosted a webinar last week aimed at feed formulators, swine extension specialists and pork producers, giving the Council a longer reach into the Korean swine industry and enabling local partners to share information more broadly among industry colleagues.

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