The Grain News
The first and second installments of a U.S. Grains Council (USGC) video series chronicling the 2016 U.S. corn growing season are now available online, highlighting pre-planting decisions and planting progress on farms in Arkansas, Missouri, South Dakota and Wisconsin.
The U.S. Department of Agriculture (USDA) indicates 86 percent of the corn crop was planted by May 22nd, which is 1 percent higher than the five-year average. The states included in the report accounted for 93 percent of the total U.S. corn crop in 2015.
Are you curious how the corn is looking in Kansas, Ohio or other parts of the United States? You can find photos, videos and updates from farmers across the country on the U.S. Grains Council’s (USGC’s) Facebook page, Growing the 2016 U.S. Corn Crop.
This active and informative page has weather reports, crop progress updates and notes from corn farmers in different parts of the country. Photos from Missouri in early May showed corn in the eastern part of the state emerging in fields.
U.S. farmers are well into their spring planting seasons with market conditions and weather in different geographic regions influencing their timing and planting decisions.
The U.S. Grains Council (USGC) asked barley, corn and sorghum farmers from across the United States to share information about their planting activities, choices and intentions for the 2016 crop year. These farmers consider market conditions, environmental factors and historical data to guide their work to produce quality coarse grains for the world market.
New business transactions usually require a letter of credit prior to procurement or vessel loading. As a trading relationship develops through consecutive transactions, buyers with a strong balance sheet may no longer need a letter of credit.
Data from the U.S. Department of Agriculture’s (USDA’s) Economic Research Service (ERS) indicates U.S. ethanol production during the 2014/2015 marketing year reached a record volume of 14.7 billion gallons (55 billion liters), which is up 3.9 percent from the previous year. Exports for the same time period were 872 million gallons (3.3 billion liters).
Worldwide demand increases for ethanol, paired with new government and taxation policies put into effect every year, alter ethanol trade on all levels.
The Renewable Fuel Standard (RFS), established in 2005 by the United States government, requires U.S. energy companies to blend renewable fuels like ethanol into petroleum-based transportation fuel. The target amount of conventional renewable fuel blending for 2016 is set at 14.5 billion gallons (54.8 billion liters), more than triple the target blend mandated when the program originated.
The United States has plenty of ethanol and is ready and willing to meet foreign market needs. As the U.S. Grains Council (USGC) works with its industry partners to develop markets and enable trade, ethanol, a grain-based renewable fuel, is growing in importance.