News & Events
This week’s U.S. Grains Council Chart of the Week illustrates that despite declining corn prices in the United States, corn prices in China continue to rise. Following years of increasing corn production, China has an abundant supply of corn available. However, transportation costs from production areas to areas that use corn make corn in China more expensive than corn imported from the United States. According to the chart, corn in China is selling corn at almost $155 more per ton than corn imported from the United States would cost.
This week’s U.S. Grains Council Chart of the Week illustrates that as Brazil’s summer corn harvest draws to an end, total corn production in Brazil has exceeded initial expectations, causing prices to drop. Production for the summer crop is nearly complete at 32.2 million metric tons (1.3 billion bushels), with 100 percent of the crop harvested in southern and central parts of the country. Total production estimates, including both the summer and winter crops, are now at 75 million tons (3 billion bushels).
This week’s U.S. Grains Council’s Chart of the week illustrates that U.S. market share in Colombia is regaining its historical dominance, which had eroded substantially since 2008. However, U.S. corn sales are rapidly approaching the end of the duty-free quota under the U.S.–Colombia Free Trade Agreement. According to Colombian customs, 86 percent of the first-come, first-serve quota of 2.3 million metric tons (90.5 million bushels) is already filled. It’s expected that the remainder of the quota will be filled by mid-June.
This week's U.S. Grains Council's Chart of the Week compares the 2014 corn planting progress report from the U.S. Department of Agriculture (USDA) released May 5, 2014, to the planting progress over the same period last year, as well as the five-year average. The report indicated that as of May 4, 2014, the 18 states that produced 91 percent of the 2013 corn crop, are 29 percent planted. These 18 states were only 11 percent planted in 2013.
The U.S. Grains Council Chart of the Week illustrates a decade of Brazilian corn production, including an estimate for this year. For the 2013/2014 marketing year, which began Sept. 1, 2013, Brazil's corn production is expected to decrease for the first time in six years. Current estimates show 72 million tons (2.8 billion bushels) compared to last year's 81 million tons (3.2 billion bushels).
This 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.
This 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.
This 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.
This week's U.S. Grains Council Chart of the Week shows that U.S. sorghum sales to China have surged in the current 2013/2014 marketing year that began Sept. 1, 2013, up from zero last year to more than 1.6 million metric tons (62.9 million bushels) of combined exports and outstanding sales this year through Jan. 24. U.S. sorghum exports and outstanding sales to Japan also are up this year – from 91,700 tons (3.6 million bushels) last year to 270,400 tons (10.6 million bushels) this year.