News & Events
The U.S. Grains Council has released the much anticipated 2013/2014 Corn Export Cargo Quality Report, which measures the U.S. corn quality at the point of loading for export. This report is essential for buyers around the globe as corn purchasing decisions are made, and it provides reliable, transparent information to international markets.
The rapid growth within China’s economy is leading to an increased demand for imports, particularly with the growing, affluent Chinese population and the corresponding demand for more protein-rich diets. With a population of 1.3 billion, and expectations to reach 1.4 billion by 2030, even a small shift in food trends can cause tremendous opportunities for the feed grains necessary for expanding meat production from backyard to commercial operations. For example, China is already the largest swine producer and consumer, accounting for half the world’s pig population.
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.