News & Events
Grain buyers and end-users participating in four trade teams from Latin America will be among the 180 international participants at Export Exchange 2014, scheduled for Oct. 20 to 22 in Seattle, Washington.
While price is an important consideration for buyers of corn and other commodities, the United States’ reputation for reliability and honesty is also a significant market asset. The U.S. Grains Council has been promoting these benefits in top markets around the globe and will continue to do so as the United States begins harvest for another record corn crop.
The United States exported more than 11 percent of the U.S. corn supply in the 2013/2014 marketing year, which ended Aug. 31. More than 100 countries purchased the U.S. commodity.
Exports of both U.S. corn and U.S. sorghum finished the 2013/2014 market year strong, with increases of more than 150 percent and 200 percent over the same time period last year, respectively.
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.
Marri Carrow, U.S. Grains Council’s (USGC) longtime director of communications, moved this month to a new position as the Council’s regional director of the Western Hemisphere. In her new role, Carrow will identify and address critical trade, technical and policy factors to develop markets for U.S. coarse grains and co-products in that region. She will be based in the Council’s office in Panama.
Note: This article was published in Global Update and provides essential information for Costa Rica travelers.
The United States is on track to capture more than 95 percent of Colombia’s 3.6 million metric ton (141 million bushels) corn market this marketing year, which ends Aug. 31. This is a dramatic turn-around from 2013 exports of just 644,000 tons (25 million bushels) to that country.
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.
As a result of proximity, steady demand growth, the North American Free Trade Agreement and the ability to ship grain by truck, rail and vessel, Mexico has been a top U.S. corn market for years. This year is no exception. So far this marketing year (Sept. 1, 2013, through July 10, 2014), Mexico has combined sales (accumulated exports and outstanding sales) of 10.5 million metric tons (413 million bushels), compared to 4.4 million tons (173 million bushels) over the same time period last year. Mexico is still a growing market for U.S. grains and the U.S.
The harvest outlook in Brazil and Argentina remains favorable with cooler weather and rains, although hot, dry conditions still persist in some areas of both countries. The region saw a significant fall in production due to a drought last season, leading to concerns over similar conditions this season. However, concerns have lessened with rain helping second-crop (safrinha) corn’s early stages in Brazil and crop estimate declines slowing in Argentina due to more favorable weather.