News & Events
Exports of U.S. distiller’s dried grain with solubles (DDGS) are still going strong this marketing year, despite recent trade barriers in China, thanks to competitive prices and U.S. Grains Council (USGC) programs showcasing the product’s benefits. As of September, the United States has exported approximately 9.2 million metric tons this marketing year, 95 percent of the total U.S. DDGS exports in the entirety of 2013.
The World Trade Organization (WTO) General Council has overcome a months-long standoff on the issue of a permanent solution for public stockholding for food security purposes that has held up the implementation of the Trade Facilitation Agreement (TFA)—the first multilateral trade agreement to come out of the WTO since its creation in 1995.
According to the United States Department of Agriculture’s (USDA) World Agricultural Supply and Demand Estimates (WASDE) report released Nov. 10, U.S. corn production this year will be record-breaking. Total production is estimated at 14.4 billion bushels or more than 360 million metric tons, with yield estimates at 173.4 bushels per acre or almost 11 tons per hectare. Well into harvest, farmers are generally finding these estimates to be accurate and overall corn quality to be good.
Quality Good With Some Local Variations Due to Weather
One of the visits prior to Export Exchange 2014 included six Latin America feed industry executives, who traveled to the United States to make face-to-face connections with U.S. producers and traders. The team gained valuable firsthand information about what to expect when importing from the United States.
Founded in 1960, the U.S. Grains Council develops export markets for U.S. barley, corn sorghum and their value-added products through tailored programs that meet an individual country’s culture and needs. USGC’s technical programs teach livestock and poultry producers how to use coarse grains effectively and manage their operations efficiently. Its trade servicing efforts educate potential and current customers about the U.S. marketing system, including financing, government programs, U.S. coarse grains quality and prices. USGC’s trade policy initiatives identify foreign barriers to U.S.
Biotechnology benefits farmers and consumers worldwide, and innovation in plant science is essential to meet the world’s rapidly growing demand for food, said Dr. Howard Minigh, president and chief executive officer (CEO) of CropLife International, when he presented to the nearly 500 attendees of Export Exchange 2014 on Oct. 22.
Minigh addressed the crowd of international buyers and domestic traders gathered in Seattle, Washington, for the biennial conference meant to help the two constituencies build relationships to facilitate grain trade in the coming years.
The outlook is good for global agricultural producers and agricultural trade, according to Curtis Jones, the global director of economic analysis for Bunge Global Agribusiness, who spoke on Oct. 21 to the attendees of Export Exchange 2014 in Seattle, Washington, USA.
Keynote Address Outlook for Agricultural Exports
Delivering the keynote address, Jones said a rising population and rapidly growing incomes in the emerging economies will continue to support robust demand for feed grains and other agricultural products.
With 210 international grain buyers from 41 countries and an additional 200 U.S. exporters representing every sector of the coarse grains value chain in attendance, Export Exchange 2014 was this year’s premiere global grain trade conference. Wrapping up on Oct. 22, the conference was a resounding success for both international buyers and U.S. suppliers.
The most recent U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report projected high yields for U.S. sorghum in the 2014/2015 marketing year. The United States is also expecting robust exports as demand remains strong in China, the largest export market for U.S. sorghum, and other areas.
Strong Yield Expected Despite Fewer Planted Acres
There will be an abundance of U.S. coarse grain and co-products available for export in the coming year. One way to get the grains from U.S. farms to worldwide customers is container shipping.
Benefits of Container Shipping
Containerization allows cargoes to be transferred directly from a ship onto a railcar or truck for quick transportation out of a port to a feed mill or other destination. This ease of transport is convenient for many buyers who need to ship their grains a long distance after it reaches the port.