News & Events
Here is a look at China’s self-sufficiency rate for grains and oilseeds (other than rice) with soybeans and corn also shown separately. There is occasional talk in China about what level of self-sufficiency they can accept, and 95 percent is often mentioned, along with the idea that may they can settle for 90 percent self-sufficiency. The chart to the left shows that China has decided they do not need to be self-sufficient in soybeans.
What will China accept for corn? China has a much stronger commitment to corn production than to soybean production.
U.S. Grains Council Special Assistant for Planning Erick Erickson discusses USDA’s most recent World Agricultural Supply and Demand Estimates report that came out Monday, Sept. 12.
Lower than expected U.S. corn production, low ending stocks and decreased exports combined with increased world production makes for an interesting forecast.
The U.S. Grains Council is pleased to report that sales of U.S. DDGS to Japan for 2011 are on pace to set new records. According to USDA figures, DDGS exports in the period between January and May have grown almost 45 percent over last year to 124,850 metric tons. The largest users of DDGS are layer and broiler species.
The U.S. Grains Council is pleased to report that exports of U.S. DDGS to Southeast Asia are currently up 20 percent over last year.
So far, USDA reports total sales of 507,440 metric tons, with Vietnam importing the highest total amount and Malaysia and Cambodia reporting the highest percent growth. Please refer to graphs in the PDF version for a detailed report.
Upon completion of a recent U.S. Grains Council market assessment in Chile, staff and consultants concluded that Chile could easily import up to one million metric tons of U.S. corn products including distiller’s dried grains with solubles (DDGS) and corn gluten meal annually, despite a slow decline in current import levels.
In 2010, Chile imported roughly 140,000 metric tons of U.S. corn gluten meal and DDGS, down from its record high of 200,000 tons in 2008.
U.S. grain farmer checkoff investments in international market development, combined with USDA Foreign Market Development (FMD) and Market Access Program (MAP) funds, have helped grow U.S. distillers dried grains with soluble (DDGS) exports to South Korea by almost 500,000 metric tons. As a result of this promotion, U.S. DDGS has a bright future in this country.
U.S. grain production is the talk of the world today as USDA announced the 2011 farmer planting intentions of 92.2 million acres of corn, 3 million acres of barley and 5.6 million acres of sorghum. For corn, this represents a nearly 4 million-acre increase from 88.2 million acres in 2010, approaching the 93.5 million acres in 2007, which was the largest corn acreage since World War II.
With grain prices, world food demand and corn stocks on everyone’s mind, grain customers worldwide are keenly focused on U.S. planting intentions this season.