US Corn Planting Progress: Ahead of 2013, Behind Average

U.S. Corn Planting Progress

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.

Brazil: Grain Production Up, Corn Production Down

Brazil Corn Production

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).

Middle East and North Africa Shifting Corn Demand to US

outstanding sales and accumulated exports of U.S. corn to North Africa and the Middle East - See more at: http://grains.org/index.php/chart-of-the-week/4581-middle-east-and-north-africa-shifting-corn-demand-to-us#sthash.g2WWdaOj.dpuf

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.

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

Corn Aflatoxin testing

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.

Grain is Flowing Through the Canal

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.

US Sorghum Sales to China Surge

US Sorghum Sales to China Surge

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.

First Four Months of US Corn Exports, Outstanding Sales Outpaces Previous Year’s Total

U.S. Corn Exports and Outstanding Sales Chart

This week's U.S. Grains Council Chart of the Week shows that U.S. exports and outstanding sales in the first several months of the current corn marketing year have more than doubled since the same time period of the previous year and have already exceeded the accumulated total sales of the 2012/2013 marketing year.

The Sky’s the Limit: Latin America’s U.S. Corn Imports

Latin America U.S. Corn Imports Chart

This week's U.S. Grains Council Chart of the Week shows the change the change in imports of U.S. corn from 2012 to 2013 in 14 Latin American countries. According to the USDA, the Western Hemisphere's accumulated U.S. corn imports are more than 1.7 million metric tons (67 million bushels) ahead of last year at this same time. Mexico, the second-largest U.S. corn market, is the largest contributor to this market change, importing 1 million tons (39.4 million bushels) more than last year.

Global Corn Demand Up: The Second Tier Markets

Second Tier Global Corn Markets Chart

Last week's U.S. Grains Council chart of the week showed USDA's projected imports by the top 10 global corn markets while this week's Council chart of the week shows projected corn imports for the second tier of top importers.While the top 10 importers account for about two-thirds of global corn trade, the next tier account for an additional 20 percent of global trade. Of the top 20 world corn importers, 19 are at least one million ton (39 million bushels) markets.

Global Corn Demand Up: Where is it Going

This week's U.S. Grains Council Chart of the Week shows the USDA's projected global corn trade in 2013/14. According to USDA global corn trade will be 102.1 million metric tons (4 billion bushels) in 2013/14, up from 97.6 million tons (3.8 billion bushels) in 2012/13. The top 10 corn importing countries account for 68 million tons (2.7 billion bushels) – about two-thirds of global corn trade.

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