News & Events
The Export Exchange conference hosted this fall by the U.S. Grains Council (USGC) and Renewable Fuels Association (RFA) is already paying dividends, according to new surveys of overseas grain buyers who attended – to the tune of nearly a half billion dollars' worth of grain and ethanol co-product sales.
As corn harvest winds down in the United States, global livestock producers are in the enviable position of being able to both take advantage of competitive feed grain prices and invest in the future growth of their businesses.
Back in 2012, as corn prices hovered around $8 per bushel, many poultry, swine and dairy producers rode out the high prices, buying one cargo of corn at a time while waiting and hoping for the market to improve.
In the shadows of Mt. Everest, the U.S. Grains Council (USGC) and the U.S. Soybean Export Council (USSEC) recently held the inaugural Asia Subcontinent Trade Exchange as a forum for business networking and deal-making between U.S. sellers and regional buyers.
More than 100 attendees were part of the inaugural event that showcased the nations of South Asia, consisting of Pakistan, India, Sri Lanka, Bangladesh and Nepal.
The U.S. Grains Council (USGC) helped host a delegation of Chinese officials in town last week for the U.S.-China Joint Commission on Commerce and Trade (JCCT) meeting, including offering a tour of Chairman Chip Councell's farm on the Eastern Shore of Maryland.
The meeting was held at a time when there are several issues overhanging the trade relationship between the United States and China, which will be impacted further by the change in U.S. administration when President-elect Donald Trump takes office in January.
Growing and maintaining export markets is essential for U.S. farmers and ranchers, especially at a time of low commodity prices and abundant supply. USDA's Market Access Program (MAP) and Foreign Market Development (FMD) program play a critical role in this effort and offer both farmers and taxpayers an excellent return on investment, according to a new study that looked at program impact over the past four decades.
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.