U.S. Grains Council Promotion Efforts Lead To U.S. Exports to Egypt

Using Market Assess Funds (MAP), the U.S. Grains Council hosted more than 200 international buyers and end-users of coarse grains and related products from more than 35 countries for Export Exchange 2016, meeting with U.S. suppliers and service providers across the corn, sorghum, barley and distiller’s dried grains with solubles (DDGS) value chains.

The Export Exchange conference provides an ideal forum for continued relationship building among trading partners, offering education about the grain markets, extensive networking opportunities and field tours for international attendees making up USGC trade teams.

In total, attendees of this biennial networking event reported sales at the conference or immediately around it of approximately 2.6 million metric tons of grains and co-products worth $460 million.

The top grain traded during the two-day event was corn, with 924,000 metric tons (36 million bushels) collectively exchanged, followed by distiller’s dried grain with solubles (DDGS), with 875,000 metric tons exchanged. This means buyers at the conference struck deals to purchase an amount of DDGS equivalent to roughly 8 percent of last year’s total U.S. DDGS exports.

Other grains traded at Export Exchange included corn gluten at 25,200 metric tons; sorghum at 428,000 metric tons (17 million bushels); and barley at 5,000 metric tons (230,000 bushels).

These sales figures are evidence that attendees took advantage of the unique buying opportunities the conference provides by putting buyers and sellers together.

Additional photos from this event are available online at https://www.flickr.com/photos/usgc/sets/72157675142844490