As Industry Develop Exports, U.S. A Dominant Biofuels Producer

U.S. leader

The U.S. Grains Council (USGC) is working with partners including the U.S. Department of Agriculture’s (USDA’s) Foreign Agricultural Service (FAS), the Renewable Fuels Association (RFA) and Growth Energy to develop and execute global market development programs for U.S. ethanol in select markets including Canada, China, Colombia, the European Union, Japan, Mexico and the Philippines. 

Colombia On Track To Again Fill Duty-Free Quota Before Year’s End

Colombia Chart

This week’s U.S. Grains Council’s Chart of Note illustrates that Colombia is importing a similar amount of U.S. corn in the first four months of this calendar year as compared to last year and will likely exhaust its duty-free quota soon. This is in stark contrast to just two years before when only 18,500 metric tons (728,000 bushels) of U.S. corn were imported by Colombia from January to April 30. This large increase in the past two years was made possible by both greater availability and the U.S.-Colombia free trade agreement (FTA).

U.S. Sorghum Exports Projected to Be 10 Times Larger Than In 2011/2012

sorghum powder puff piece

This week’s U.S. Grains Council (USGC) Chart of Note illustrates that projected U.S. sorghum exports for the 2014/2015 marketing year are expected to be 10 times larger than just a few years ago, during the 2011/2012 marketing year. This sizeable increase is mostly attributable to China, which has had surging demand since receiving its first bulk shipment on Oct. 13, 2013.

Chart of Note: U.S. Corn Carryover’s Influence on 2015 Planting Intentions

chart of note, corn carry over

This week’s U.S. Grains Council’s (USGC's) Chart of Note illustrates that global corn stocks for the 2014/2015 marketing year are projected to be 185.3 million metric tons (7.3 billion bushels), the largest ending stocks since the 1999/2000 marketing year when 194.4 million tons (7.7 billion bushels) were carried over, according to the U.S. Department of Agriculture (USDA).