TPP Negotiations Make Incremental Progress; US-China Talks Continue

Chief negotiators from the 12-member countries of the Trans-Pacific Partnership (TPP) met this week in Ottawa, Ontario, to continue working through technical issues of the various chapters. While the prevailing view is that continuous progress is being made on resolving texts in a number of areas, decisions on several unresolved issues will have to be made at the ministerial levels of the member countries.

China DDGS Situation Update: Impacts in Other Markets

China DDGS

China’s new inspection and permit regime for U.S. distiller’s dried grains with solubles (DDGS) has created increased interest for DDGS in other markets around the world. Contracts continue to be written and DDGS continue to be shipped to China. However, with the new uncertainty and disruption in trade with China, bargain hunters elsewhere are sensing opportunity.

Chart of the Week

Brazilian Corn Prices Drop with Harvest

Brazil corn prices

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).

Word from the Ground

Strengthening Ties While Promoting US Sorghum for Food Use in Japan

BP show

By: Tommy Hamamoto, U.S. Grains Council Director of Japan

While Japan has long been a mature and stable market, there are still opportunities for growth. The potential demand for U.S. sorghum to be used for food is one example. Aware of this potential market, the U.S. Grains Council has been promoting the development of new health food products made from U.S. sorghum in Japan.