Chicago Board of Trade Market News Outlook Significant choppiness in the corn market this week with prices dropping sharply early in the week, then rebounding prior to the Juneteeth holiday in the U.S., but then moving lower again once trading resumed after the short holiday break. Weakness in Russian FOB wheat prices is weighing …
The United States and Mexico announced on Monday a preliminary U.S.-Mexico Trade Agreement that modernizes provisions of the existing North American Free Trade Agreement (NAFTA), clearing a major hurdle toward a new, trilateral trade agreement with two of the largest buyers of U.S. coarse grains and co-products. The new agreement came after five weeks of …
In dual efforts to expand export opportunities and help local feed producers improve the quality of their products, the U.S. Grains Council (USGC) plans to utilize a grant provided by the U.S. State Department to create a Center for Feed Manufacturing in Tunisia. “Centered in North Africa, U.S. suppliers face increasing competition in the Tunisian …
Corn, barley and sorghum farmers from across the United States traveled to Morocco as part of the U.S. Grains Council’s (USGC’s) annual Grain Export Mission (GEM) to learn about how the Council’s programs have contributed to the development of the livestock industry in Morocco. “The GEM is designed to show its members how the Council …
Continue reading “Grain Export Mission Shows Members Market Development Process In Morocco”
The sixth round of negotiations on the modernization of the North American Free Trade Agreement (NAFTA) is happening this week, with U.S. Grains Council (USGC) staff leadership on the ground in Montreal to share the importance of NAFTA relationships to exports of U.S. coarse grains and co-products. The sixth round of negotiations on the modernization …
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The government of Algeria has lifted a value-added tax (VAT) on U.S. distiller’s dried grains with solubles (DDGS) and corn gluten feed (CGF) for 2018, affording new opportunities this marketing year. “The U.S. Grains Council (USGC) has been demonstrating the clear advantages of using DDGS and CGF in feed rations through activities in Algeria,” said …
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Considerable concern surrounded the export potential for U.S. distiller’s dried grains with solubles (DDGS) following an adverse trade policy decision by Vietnam, a historic top buyer, in December 2016. Instead, other countries in the region increased DDGS purchasing, the Vietnamese market re-opened and the region set a new record at 2.3 million metric tons in …
Continue reading “Chart of Note: DDGS Exports Set New Record To Southeast Asia”
The Bolivian government announced its intention to establish an ethanol blend mandate during a December seminar conducted by the U.S. Grains Council (USGC). Bolivian Vice President Garcia Linera made the announcement during closing remarks at the event, reporting the government’s decision to implement an ethanol blend mandate starting at 10 percent in 2018 with goals of mid-level …
The Council recently conducted an on-the-ground assessment of the growth potential for Myanmar’s animal and feed manufacturing sectors – and how that growth could translate into increased exports of U.S. feed grains and co-products. “Myanmar is advantageously positioned to experience double digit growth in its livestock sector over the next five years,” said Caleb Wurth, …
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A long tradition of partnership and dedicated interaction by organizations like the U.S. Grains Council (USGC) has established South Korea as one of the largest and most loyal trading partners for the United States. The United States and South Korea will begin to formally examine the U.S.-Korea Free Trade Agreement (KORUS) during talks in Washington, …
Continue reading “Looking Forward: KORUS Benefits U.S. Feed Grain Exports”