A Look into China’s Future Grains Trade

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.

Chile Holds Promise for US Co-Product Exports

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.

MAP and FMD Funding Boost Council Efforts in South Korea

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.

Planting Intentions Show US Farmers Ready to Meet Domestic and World Demand for Coarse Grains

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.