News & Events
The recent changes in both the Brazilian and Argentine governments are highlighting their interests in becoming pro-business – and in agriculture’s case, pro-trade. This change in attitude from the largest South American corn producing countries is creating urgency in the United States for the completion of the two multilateral trade agreements that are still pending, the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP).
After months of struggling corn exports due to a strong U.S. dollar and larger than expected global supplies, U.S. corn exports are on the rise with key markets picking up demand late in the 2015/2016 marketing year. The U.S. Grains Council (USGC) will use this success to build momentum for corn exports into 2016/2017 and beyond.
The Middle East and North Africa region is geographically closer to a competitor country, Ukraine, and as such, requires consistent attention to have U.S. corn and co-products, such as distiller’s dried grains with solubles (DDGS), remain top-of-mind for feed buyers. The U.S. Grains Council (USGC) staff made progress towards this goal last week by attending the Global Grain Middle East and North Africa conference in Dubai.
As part of May's World Trade Month celebrations, the U.S. Grains Council (USGC) and the National Corn Growers Association (NCGA) recently released a study that found the export of grain and grain products in 2014 generated $82 billion in economic output, supporting more than 370,000 jobs.
Other critical facts from the study include:
Exports of U.S. corn and corn products generated $74.7 billion in annual economic output in 2014, with sales of all U.S. feed grain products contributing $82 billion, according to a new analysis conducted by Informa Economics.
Chart of Note
Word from the Ground
By Kevin Roepke, U.S. Grains Council Regional Director For South And Southeast Asia
China’s recent pork shortage is reverberating around the world and especially in its southern neighbor, Vietnam, contributing to record pork prices and an increasingly insatiable appetite for U.S. distiller’s dried grains with solubles (DDGS) in that market.
Duane Toews and Mike Dwyer, Chief Economist @usgc talk #ethanol production. #KsAg #FarmFactor