News & Events
This week’s Chart of Note illustrates the high quality of U.S. corn at harvest demonstrated in the U.S. Grains Council’s (USGC) 2014/2015 Corn Harvest Quality Report. According to this analysis, most samples from the 2014 U.S. corn crop would grade No. 1 based on the four grading factors of test weight, broken corn and foreign material (BCFM), total damage and heat damage.
This week’s U.S. Grains Council’s (USGC) Chart of Note illustrates how exports of U.S. distiller’s dried grains with solubles (DDGS) have shifted from China to other countries in recent months.
This week’s U.S. Grains Council (USGC) chart of note illustrates the 177 percent increase in U.S. corn exports to the Western Hemisphere in the 2013/2014 marketing year, which ran Sept. 1, 2013 to Aug. 31, 2014, over the 2012/2013 marketing year.
This U.S. Grains Council’s chart of note illustrates five Southeast Asian countries’ growing demand for corn as livestock feed.
In 2004, the region’s feed sector corn demand was 15 million metric tons. Less than a decade later, that demand has grown to more than 25 million tons, a 66.7 percent increase. This rise in demand is amid a decrease in the availability of local corn supplies, which results in a higher reliance on imported coarse grains and co-products.
This U.S. Grains Council’s Chart of Note shows the value of trade to consumers where they feel it most directly: household expenditures on food.
This Chart of Note shows the theoretical volume of ethanol demand by non-U.S. markets with existing biofuels mandates. If countries enforced existing biofuels mandates using ethanol, their gasoline use in 2012 would suggest that the top 10 ethanol consumers would require 3.5 billion gallons of the renewable fuel. The next 10 would add another 393 million gallons of demand.
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.