News & Events
The chart shows the importance of the top ten markets, which account for all but about 1 mmt of total U.S. exports. Mexico and Canada started out as the top two markets, but were challenged by China in 2010 and 2011 in spite of the anti-dumping investigation in China in 2011. The year-to-date exports show that total DDGS exports are tracking at a higher pace than 2011, but that growth is driven by China, recovering its imports from last year with the uncertainty of the antidumping case behind us. Interestingly, even in 2011 China was the number 2 market.
The graph shows China imports of corn and the U.S. market share. Growing from almost nothing, China’s corn imports reach 5 million metric tons (197 million bushels) in the marketing year just ending, with almost all imports from the United States.
North Dakota has regained its number 1 ranking in barley acreage for 2012, planting 1,140,000 acres, a 185 percent increase over 2011. The following table provides a history of barley acreage for member states of the National Barley Growers Association (data source: USDA-NASS). While barley harvest is still in its early stages, farmers are generally optimistic about their crop. Early yield indications for U.S. barley are in the 50 to 65 bushel per acre range, despite high temperatures later in the season that impacted yields.
Korean corn imports during the first five months of 2012 reflect the diversity of suppliers in the international market place. While the United States still enjoys a 55 percent share of Korea's corn imports, that share has fluctuated widely in recent years based on availability and price in competitor markets. And while the United States enjoys a high share of Koreas feed corn market, the Black Sea region accounts for 69 percent of Korea's corn imports for industrial processing.
This week's U.S. Grains Council Chart of the Week shows Ukraine's corn exports for the October-September marketing year as reported by the State Customs Committee of the Ukraine. Showing sales for the first six months of the current marketing year (2011/2012), Ukraine's exports of corn have increased significantly, especially to the North Africa markets, keeping U.S. exporters from entering these markets consistently.
Tunisia, a major producer and exporter of olive oil, is on track to become the largest international export market for U.S. corn oil for back-to-back years. Traditionally Turkey and Saudi Arabia are largest export markets for U.S. corn oil, but due to biotechnology constraints in Turkey, Tunisia quickly stepped in to the number one slot in 2011. Note that the accompanying chart combines both crude corn oil and refined corn oil exports.
The U.S. Department of Agriculture reports that in terms of value for U.S. agriculture exports, both Canada and Mexico are close to China as top markets, all markets in which the U.S. Grains Council is heavily active in. The purchasing of each individual market is in the neighborhood of $18 billion annually. This chart illustrates the different mix of commodity purchases for each of these key markets. As the chart illustrates, oilseeds make up more than 50 percent of China's agriculture imports from the United States. About 45 percent of U.S.
The success of the U.S. corn export system over the past 50 years has been built on a tradition of quality, reliability and transparency in the U.S. marketing system. The U.S. Grains Council recently released its first annual Corn Export Cargo Quality Report to build trust with importers of U.S. corn, and provide transparency of the U.S. corn crop.
The USDA reports that as of May 6, 2012 corn planting in the 18 states accounting for 92 percent of 2011 corn acreage was at 71 percent, compared to the five year average of 47 percent.
Sorghum planting in the 11 states that make up 98 percent of the 2011 acreage was at 29 percent, compared to the five year average of 25 percent.
For barley, the five states that accounted for 71 percent of 2011 U.S. barley area had 83 percent planted, compared to the five year average of 53 percent.
The U.S. Grains Council arranged for samples from the 2011 corn crop to be tested at harvest and again at export. The harvest report was released in February 2012. The Export Cargo report will be released next week. As a preview of the Export Cargo report, this chart shows the test results on export cargo samples for Broken Corn and Foreign Material (BCFM).