Preliminary (Aug. 25) data for the September-August 2010\/2011 corn marketing year highlight some startling changes from the export patterns of the last decade, according to the U.S. Grains Council.<\/p>\n
For a second year, China has bought significant volumes of corn. Though Chinese shipments are not likely to surpass its 2009\/2010 purchases, they will still top 975,000 metric tons (76.9 million bushels) and make China the number eight U.S. corn market.<\/p>\n
On the other hand, U.S. exports to Colombia continue to slide as the tariff on corn imports from Mercosur countries ratchets down, widening their tariff advantage over U.S. shipments.<\/p>\n
Once the 6th largest U.S. export market, Colombia\u00e2\u20ac\u2122s U.S. purchases have declined from almost 3.3 million tons (128 million bushels) in 2006\/2007 to 1 million tons (39.4 million bushels) in 2009\/2010. This year\u00e2\u20ac\u2122s U.S. sales currently total less than 550,000 tons (less than 22 million bushels).<\/p>\n
On a more positive note, some European Union buyers returned this year. U.S. corn sales to Germany, Italy, Netherlands, Ireland, Portugal and Spain reached a cumulative 1 million tons (39.4 million bushels), making the EU the number six U.S. export market.<\/p>\n
Finally, despite the disruption to shipping and agricultural production, Japanese corn purchases for 2011\/2012 were running neck-and-neck with Japan\u00e2\u20ac\u2122s previous year totals as of Aug. 25. <\/p>\n
The top 10 U.S. markets for the market year (in descending order) are: Japan, Mexico, South Korea, Egypt, Taiwan, the E.U., Syria, China, Venezuela and Israel.<\/p>\n","protected":false},"excerpt":{"rendered":"
Preliminary (Aug. 25) data for the September-August 2010\/2011 corn marketing year highlight some startling changes from the export patterns of the last decade, according to the U.S. Grains Council. For a second year, China has bought significant volumes of corn. Though Chinese shipments are not likely to surpass its 2009\/2010 purchases, they will still top … <\/p>\n