News & Events
This week's U.S. Grains Council Chart of the Week shows U.S. distiller's dried grains with solubles (DDGS) exports to Japan since 2004. According to the Ministry of Finance Customs, Japan imported more than 384,000 metric tons of U.S. DDGS between January and October 2012, marking the highest imports on record. According to USGC Director in Japan, Tommy Hamamoto, imports are on track to reach 450,000 metric tons in calendar year 2012. Hamamoto also suggested that imports could increase even more in 2013, provided that U.S.
This week's U.S. Grains Council Chart of the Week shows China's corn imports by month for the past three market years.
This week's U.S. Grains Council Chart of the Week shows the coarse grains supply and demand for Brazil. With tight U.S. corn supplies, many global importers have turned to South America to produce a good crop. In Brazil, conditions early in the season were dry, and while there may be some small losses in the very early planted corn in Rio Grande do Sul, it is unlikely to impact overall production numbers, according to Alfredo Navarro, a consultant for the Council based in Brazil.
This week's U.S. Grains Council Chart of the Week shows the coarse grains supply and demand for Argentina. With tight U.S. corn supplies, many global importers are looking to South America to produce a good crop to help bridge the gap and keep prices in check.
This week's U.S. Grains Council's Chart of the Week shows non-U.S. coarse grain production of corn, sorghum and barley over the past 10 years. In this time, production has grown almost 200 million metric tons or 36 percent, although 2012/2013 production is projected to be unchanged from last year due to disappointing harvests in other northern hemisphere countries (Europe, Russia and other Black Sea producers).
This week's U.S. Grains Council Chart of the Week shows world corn production of 839 million metric tons (33 billion bushels) for the 2012/2013 marketing year will be the second highest on record, down 37 million tons (1.5 billion bushels) from 2011/2012 but up 8.2 million tons (322.8 million bushels) from 2010/2011, according to the U.S. Department of Agriculture.
In September 2011, the Japanese Ministry of Agriculture, Forestry and Fisheries increased its quota for feed wheat in fiscal year 2012, from 446,000 metric tons (17.5 million bushels) to 1.21 million tons (47.2 million bushels). This week's U.S. Grains Council Chart of the Week shows Japan's feed wheat imports from October 2010 to August 2012. It demonstrates that imports have grown since late 2011.
This week's chart shows the corn supply and demand situation in Brazil. It confirms Brazil's production has grown rapidly over the last 10 years, from 40 million metric tons (1.6 billion bushels) to 70 million tons (2.8 billion bushels). Domestic feed use has climbed steadily from 30 million tons (1.2 billion bushels) to 47 million tons (1.9 billion bushels) in the past decade as Brazil expanded its animal feeding industries (especially pork and poultry). Brazil's corn exports have grown as well from 5.8 million tons (228 million bushels) to 19 million tons (748 million bushels).
The following chart shows U.S. corn exports to select markets during the recently completed 2011/12 corn marketing year in comparison to exports last year. While there has been a significant drop in U.S. sales to most markets, China and Mexico are the exceptions to this pattern, with noticeable increases.
The chart shows the importance of the top ten markets, which account for all but about 1 mmt of total U.S. exports. Mexico and Canada started out as the top two markets, but were challenged by China in 2010 and 2011 in spite of the anti-dumping investigation in China in 2011. The year-to-date exports show that total DDGS exports are tracking at a higher pace than 2011, but that growth is driven by China, recovering its imports from last year with the uncertainty of the antidumping case behind us. Interestingly, even in 2011 China was the number 2 market.