{"id":4286,"date":"2016-04-07T13:54:25","date_gmt":"2016-04-07T13:54:25","guid":{"rendered":"https:\/\/grains.org\/ltamex\/prices-policy-outreach-stoke-overseas-interest-in-u-s-corn\/"},"modified":"2016-04-07T13:54:25","modified_gmt":"2016-04-07T13:54:25","slug":"prices-policy-outreach-stoke-overseas-interest-in-u-s-corn","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/prices-policy-outreach-stoke-overseas-interest-in-u-s-corn\/","title":{"rendered":"Prices, Policy, Outreach Stoke Overseas Interest in U.S. Corn"},"content":{"rendered":"<p><!--[if gte vml 1]><v:shapetype id=\"_x0000_t75\" coordsize=\"21600,21600\"\n o:spt=\"75\" o:preferrelative=\"t\" path=\"m@4@5l@4@11@9@11@9@5xe\" filled=\"f\"\n stroked=\"f\">\n <v:stroke joinstyle=\"miter\"><\/v:stroke>\n <v:formulas>\n  <v:f eqn=\"if lineDrawn pixelLineWidth 0\"><\/v:f>\n  <v:f eqn=\"sum @0 1 0\"><\/v:f>\n  <v:f eqn=\"sum 0 0 @1\"><\/v:f>\n  <v:f eqn=\"prod @2 1 2\"><\/v:f>\n  <v:f eqn=\"prod @3 21600 pixelWidth\"><\/v:f>\n  <v:f eqn=\"prod @3 21600 pixelHeight\"><\/v:f>\n  <v:f eqn=\"sum @0 0 1\"><\/v:f>\n  <v:f eqn=\"prod @6 1 2\"><\/v:f>\n  <v:f eqn=\"prod @7 21600 pixelWidth\"><\/v:f>\n  <v:f eqn=\"sum @8 21600 0\"><\/v:f>\n  <v:f eqn=\"prod @7 21600 pixelHeight\"><\/v:f>\n  <v:f eqn=\"sum @10 21600 0\"><\/v:f>\n <\/v:formulas>\n <v:path o:extrusionok=\"f\" gradientshapeok=\"t\" o:connecttype=\"rect\"><\/v:path>\n <o:lock v:ext=\"edit\" aspectratio=\"t\"><\/o:lock>\n<\/v:shapetype><v:shape id=\"_x0000_s1026\" type=\"#_x0000_t75\" alt=\"\" style='position:absolute;\n margin-left:0;margin-top:0;width:117.6pt;height:120pt;z-index:251658240;\n mso-wrap-distance-left:0;mso-wrap-distance-top:0;mso-wrap-distance-right:0;\n mso-wrap-distance-bottom:0;mso-position-horizontal:left;\n mso-position-horizontal-relative:text;mso-position-vertical-relative:line'\n o:allowoverlap=\"f\">\n <v:imagedata src=\"http:\/\/www.informz.net\/USGC\/data\/images\/Global%20Update\/2016\/April\/April%207\/Corn.jpg\"><\/v:imagedata>\n <w:wrap type=\"square\"><\/w:wrap>\n<\/v:shape><![endif]--><!--[if !vml]--><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.informz.net\/USGC\/data\/images\/Global%20Update\/2016\/April\/April%207\/Corn.jpg\" align=\"left\" width=\"196\" height=\"200\" border=\"0\"><!--[endif]--><span>International buyers of U.S. corn in markets like Korea, Mexico, Colombia and Taiwan are taking advantage of low prices, strong policies and the ongoing market development work done by the U.S. Grains Council (USGC) in their countries.<!--break--><\/span><\/p>\n<p><span>In Korea, buying groups recently purchased eight cargos of corn that totaled 526,000 metrics tons (20.7 million bushels), highlighting this sophisticated market\u00e2\u20ac\u2122s ability to adapt quickly to changes in the market.<\/span><\/p>\n<p><span>\u00e2\u20ac\u0153U.S. corn in our market is more competitively priced than that from South America,\u00e2\u20ac\ufffd said USGC Director in Korea Haksoo Kim. \u00e2\u20ac\u0153When taking into account availability, quality and price, U.S. corn is expected to maintain an edge in the Korean market at least until May when Brazil\u00e2\u20ac\u2122s second crop corn will potentially create new dynamics.\u00e2\u20ac\ufffd<\/span><\/p>\n<p><span>In recent months, this price competitiveness has also influenced sales to Mexico, which has purchased almost 10.8 million tons (425.2 million bushels) of U.S. corn this marketing year as of March 31. That is almost 1.6 million tons (63 million bushels) more than last year at the same time.<\/span><\/p>\n<p><span>\u00e2\u20ac\u0153Mexico has been a long-time, very good customer of U.S. corn and feed grains,\u00e2\u20ac\ufffd said USGC Director in Mexico Ryan LeGrand. \u00e2\u20ac\u0153Sales this year are showing the influence of the country\u00e2\u20ac\u2122s growing feed sector, which is increasing demand for corn and other coarse grains that the United States can easily supply.\u00e2\u20ac\ufffd<\/span><\/p>\n<p><span>Meanwhile, a free trade agreement (FTA) with Colombia is helping boost sales of U.S. corn to that country, which is again on track to fill its duty-free quota before the calendar year\u00e2\u20ac\u2122s end.<\/span><\/p>\n<p><span>\u00e2\u20ac\u0153In January, Colombia\u00e2\u20ac\u2122s duty-free quota reset, and U.S. corn once again had the advantage that is leading to an uptick in their purchases,\u00e2\u20ac\ufffd said USGC Regional Director for the Western Hemisphere Marri Carrow. \u00e2\u20ac\u0153As of March 23, Colombia had purchased almost 1.3 million tons (51.2 million bushels) of U.S. corn during calendar year 2016, which is more than 50 percent of their duty-free quota.\u00e2\u20ac\ufffd<\/span><\/p>\n<p><span>In Taiwan, sales of U.S. corn spiked when four buying groups purchased 320,000 tons (12.6 million bushels) at the end of March, following a visit by USGC Senior Director of Global Programs Cary Sifferath to complement local market development efforts.<\/span><\/p>\n<p><span>\u00e2\u20ac\u0153During this visit, we were able to meet with several high-ranking government officials and key industry leaders,\u00e2\u20ac\ufffd said USGC Director in Taiwan Clover Chang. \u00e2\u20ac\u0153The Taiwanese decision-makers were able to get their questions answered about U.S. corn production, supply, prices and quality, which helped build their confidence in the U.S. supply and eventually lead to these purchases.\u00e2\u20ac\ufffd<\/span><\/p>\n<p><span>These examples from around the world highlight the importance of the Council\u00e2\u20ac\u2122s efforts to find demand in the short term and build off the high-quality, established brand of U.S. corn for long-term success.<\/span><\/p>\n<p><span>While this work is tailored for each individual market\u00e2\u20ac\u2122s needs, much of it focuses on taking advantage of market dynamics, ensuring strong policy is in place to support sales and providing customer service unmatched by world competitors.<\/span><\/p>\n<p><span>The Council\u00e2\u20ac\u2122s international staff members working out of 10 global offices are&nbsp;trusted bridges between U.S. agriculture and the global grain trade, maintaining close working relationships with key global contacts and creating year-long dialogues with buyers.<\/span><\/p>\n<p><span>Click <a href=\"http:\/\/USGC.informz.net\/z\/cjUucD9taT01NDk5NjE3JnA9MSZ1PTEwNjIwMjQxMTYmbGk9MzQ1NDM3MTE\/index.html\" target=\"_self\">here<\/a> to learn more about U.S. corn production.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International buyers of U.S. corn in markets like Korea, Mexico, Colombia and Taiwan are taking advantage of low prices, strong policies and the ongoing market development work done by the U.S. Grains Council (USGC) in their countries. In Korea, buying groups recently purchased eight cargos of corn that totaled 526,000 metrics tons (20.7 million bushels), &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/grains.org\/ltamex\/prices-policy-outreach-stoke-overseas-interest-in-u-s-corn\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Prices, Policy, Outreach Stoke Overseas Interest in U.S. Corn&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[12],"country":[22,19],"region":[50],"topic":[],"class_list":["post-4286","post","type-post","status-publish","format-standard","hentry","commodity-corn","country-south-korea","country-taiwan","region-south-america"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prices, Policy, Outreach Stoke Overseas Interest in U.S. Corn - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/prices-policy-outreach-stoke-overseas-interest-in-u-s-corn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prices, Policy, Outreach Stoke Overseas Interest in U.S. Corn - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"International buyers of U.S. corn in markets like Korea, Mexico, Colombia and Taiwan are taking advantage of low prices, strong policies and the ongoing market development work done by the U.S. Grains Council (USGC) in their countries. 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