News & Events
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’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.
International trade policy, and current developments in agricultural trade with China, will be in the spotlight as Darci Vetter addresses the U.S. Grains Council’s 54th Annual Board of Delegates Meeting in Omaha, Nebraska, July 28-30, 2014.
Chart of the Week
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
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.