News & Events
China's Ministry of Commerce (MOFCOM) announced Tuesday that it will subject U.S. distiller's dried grains with solubles (DDGS) to anti-dumping and countervailing duties (AD/CVDs) following a year-long investigation, the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed grains and related products, specifically corn, DDGS and ethanol.
Exports of U.S. ethanol are off to a strong start for the first quarter of the 2016/2017 marketing year and are at their highest levels during that time frame over the past five years, according to data recently released by the U.S. Department of Agriculture's Global Agricultural Trade System (GATS).
Exports totaled 353.2 million gallons for the months of September, October and November 2016, the first quarter of marketing year 2016/2017.
A statement from U.S. Grains Council (USGC) President and CEO Tom Sleight:
"The announcement Tuesday by China's Ministry of Commerce (MOFCOM) that it will subject U.S. distiller's dried grains with solubles (DDGS) to anti-dumping and countervailing duties (AD/CVDs) is the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed grains and related products, specifically corn, distiller's dried grains (DDGS) and ethanol.
While low prices are challenging to farmers, they are an opportunity for global grain buyers who can help boost the U.S. farm economy with their purchases.
To help spur demand in the Western Hemisphere among both experienced and new buyers, the U.S. Grains Council's (USGC's) office there has held a series of trade schools this fall.
Marri Carrow, director of the Western Hemisphere Office for the U.S. Grains Council (USGC), recently discussed the exciting trade picture in her region with the with the National Association of Farm Broadcasting (NAFB).
Grain trade experts from the U.S. Grains Council (USGC) visited Ireland and Israel late last year to meet with customers in those markets, which have become increasingly important if non-traditional importers of U.S. corn and co-products.
Ireland has imported 95,000 metric tons (3.7 million bushels) of U.S. corn in the first three months of this marketing year, which is nearly half the amount it imported the prior marketing year, 170,000 metric tons (6.7 million bushels). Israel imported 386,000 metric tons (15 million bushels) of U.S. corn in the last marketing year.
Chart of Note
Exports of U.S. ethanol began with notable growth in the first month of the new marketing year, according to recent data published by U.S. Department of Agriculture's Global Agricultural Trade System (GATS).
The top three customers of U.S. ethanol in September 2016 were Canada, Brazil and China, respectfully. Exports of U.S. ethanol totaled 99.6 million gallons (903,000 metric tons of corn equivalent).
Word from the Ground
Deep in the Anti-Atlas region of Morocco’s Sous plain, two of the world’s most cutting edge dairy cooperatives recently met for the first time. The U.S. Grains Council (USGC), with the financial and professional support of the Kansas Corn Commission, organized a technical exchange for India’s Gujarat Cooperative Milk Marketing Federation (GCMMF) and Morocco’s COPAG.