Chart of the Week

Middle East and North Africa Shifting Corn Demand to US

US corn export sales to 11 Apr smallThis week's U.S. Grains Council Chart of the Week shows outstanding sales and accumulated exports of U.S. corn to North Africa and the Middle East for the past three marketing years, which began Sept. 1, through Mid-April for each listed year. With U.S. corn returning to more normal pricing in the 2013/2014 marketing year, Egypt, Israel, Morocco and Algeria have all returned to purchasing U.S. corn. Also, Tunisia has once again begun sourcing corn from the United States.

In a little over six months of the 2013/2014 corn marketing year, U.S. corn accumulated exports and outstanding sales to North Africa and the Middle East totaled more than 2.8 million metric tons (110 million bushels) compared to 204,500 tons (8 million bushels) in the 2012/2013 marketing year and 1 million tons (40 million bushels) in marketing year 2011/2012.

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2013/2014 Export Quality Report Shows Third Year of Low Aflatoxins in U.S. Corn

aflatoxin cotwThis week's U.S. Grains Council Chart of the Week shows a continued low incidence of aflatoxin in U.S. corn according to the Council's 2013/2014 Corn Export Cargo Quality Report. While the reports for all three years show low incidence of aflatoxin in U.S. corn, the levels in the 2013 crop are the lowest of the three.

As this chart shows, only 7.6 percent of tested samples had aflatoxin levels greater than the minimum level of detection (0.5 parts per billion) compared with 22.2 percent in 2012 and 14.1 percent in 2011.

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Grain is Flowing Through the Canal

Copy of cotwThis week's U.S. Grains Council Chart of the Week shows the export destinations of U.S. grain, including soybeans, corn, sorghum wheat, rice and other, that was transited through the Panama Canal following the 2013 U.S. harvest season. According to the Panama Canal Authority, this is a record year for U.S. grain cargoes passing through the Canal, with more than 20.4 million metric tons shipped so far this marketing year, October through January. That's a 36 percent increase over the same time period last year. Approximately 4 million tons (157.4 million bushels) of U.S. corn and 1.6 million tons (62.5 million bushels) of U.S. sorghum have transited the Canal since October 2013.

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