ACC Results In 1.7 Million Metric Tons Negotiated, Transacted

A total of 1.7 million metric tons (116 million bushels of corn equivalent) of grains and soybeans were recently transacted and negotiated at the 2023 U.S. Agricultural Co-operators Conference (ACC) in DaNang, Vietnam, in September.

Jointly hosted by the U.S. Grains Council (USGC), U.S. Soybean Export Council (USSEC) and U.S. Wheat Associates, the event addressed the pressing global challenges of food security, sustainability and innovation, while emphasizing the need to build bridges that facilitate collaboration, knowledge exchange and transformative action.

Besides time to network, the 356 conference attendees from 22 countries benefited from a strong agenda that included U.S. farmer crop reports for both corn and soybeans, a global transportation outlook, review of risk management tools and information on feed sector developments.

Of the commodities sold, 277,000 metric tons (approximately 10.9 million bushels) were U.S. corn and 394,000 metric tons (about 16 million bushels in corn equivalent) were U.S. distiller’s dried grains with solubles (DDGS). Remaining sales consisted of U.S. soybeans, soybean meal and wheat.

“At the end of the day, everything we do at these buyers’ conferences comes down to trades. It is encouraging to see that during this turbulent time, simply bringing people in, face-to-face, encouraged trading activity of this magnitude. Our Southeast Asian customers are looking for partners they can trust, and I think we delivered that this year at ACC,” said Caleb Wurth, USGC regional director for Southeast Asia and Oceania.