Workshops In Singapore, Malaysia Share Value Of U.S. Grains And Soybeans

Workshops in Southeast Asia

The U.S. Grains Council (USGC) and the U.S. Soybean Export Council (USSEC) joined forces this month to put on two one-day workshops for Southeast Asian buyers looking for the latest in market and harvest information and details about how U.S. agricultural products can benefit their businesses.

Manuel Sanchez, USGC regional director for South and Southeast Asia, provided timely insights on the 2017/2018 coarse grains outlook, while other presenters provided outlooks on the global overview for grains and oilseeds.

Northern Neighbor Top Market For U.S. Feed Grains, Co-Products

U.S. exports of feed grains in all forms to Canada since implementation of NAFTA

Canada - the host of the just-concluded third round of talks on the North American Free Trade Agreement (NAFTA) - is a top trading partner for U.S. feed grains and co-products like ethanol and distiller’s dried grains with solubles (DDGS) thanks to geography and strong trade policy.

Canada - the host of the just-concluded third round of talks on the North American Free Trade Agreement (NAFTA) - is a top trading partner for U.S. feed grains and co-products like ethanol and distiller’s dried grains with solubles (DDGS) thanks to geography and strong trade policy.

Marketing Programs Pay Off For U.S. Co-Products In Turkey

U.S. DDGS Exports to Turkey

Turkey’s imports of U.S. corn co-products surged in the 2016/2017 marketing year, a significant pay off for U.S. Grains Council (USGC) marketing programs in the country. 

Turkey is the second largest buyer of U.S. distiller’s dried grains with solubles (DDGS) in the 2016/2017 marketing year (Sept.-July) with 1.29 million metric tons of imports, nearly double the total from last marketing year. Additionally, Turkey is the fourth largest buyer of U.S. corn gluten feed/meal, purchasing almost 196,000 tons in 2016/2017. 

Taiwan Imports Most U.S. Corn In Seven Years, Pledges More During Goodwill Mission

10 Year Corn Exports To Taiwan

Members of the 2017 Agriculture Trade Goodwill Mission pledged Wednesday to purchase 5 million metric tons (197 million bushels) of U.S. corn and 500,000 tons of U.S. distiller’s dried grains with solubles (DDGS) between 2018 and 2019, echoing a rebound of U.S. corn sales to this long-term trading partner. 

Taiwan Goodwill Mission Pledges To Purchase Five Million Tons Of U.S. Corn

USGC Past Chairman Chip Councell signs the letter of intent with Taiwan.

 

Washington, D.C. - Members of the 2017 Taiwan Agricultural Goodwill Mission pledged Wednesday to purchase 5 million metric tons (197 million bushels) of U.S. corn and 500,000 tons of U.S. distiller’s dried grains with solubles (DDGS) between 2018 and 2019. The commitment was made during a signing ceremony at the U.S. Capitol in Washington, D.C. 

Chart of Note: U.S. Exports Of Feed Grain In All Forms Breaks Record In 2016/2017 Marketing Year

U.S. exports of feed grain in all forms as of July 2017

The U.S. government released international trade figures for July on September 6, the eleventh month of data for the 2016/2017 marketing year for corn and sorghum. With just one month of data still unpublished, U.S. exports of feed grain in all forms (GIAF) has set a new record high, the result of increased demand, competitive U.S. prices and extensive marketing efforts by the U.S. Grains Council (USGC). 

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