News & Events
A combination of high ingredient prices and aggressive U.S. Grains Council marketing efforts is producing renewed sales of U.S. sorghum, corn gluten feed (CGF), and distiller’s dried grains with solubles (DDGS) into the European Union (EU).
Sorghum shipments, primarily bound for Spain, with smaller shipments to France and the Netherlands, stood at 458,000 metric tons (18 million bushels) as of March 10. Outstanding sales totaled an additional 223,000 tons (8.8 million bushels).
U.S. bulk shipments of corn gluten feed (CGF) and corn gluten meal (CGM) will be exempt from new shipping restrictions as the result of an industry effort spearheaded by the U.S. Grains Council.
Letters of exemption, issued by the U.S. Coast Guard, will allow both products to continue flowing to international markets without incurring unnecessary costs when the new rules take effect in January.
More than 138 grain traders, purchasing managers and integrators from around the world gathered last week in Singapore at the 4th Southeast Asia Grain Transportation Conference. This conference, jointly organized by the American Soybean Association-International Marketing and the U.S. Grains Council, helped foster the sale of 400,000 metric tons of U.S. corn and their co-products.