News & Events
This week’s U.S. Grains Council’s (USGC’s) Chart of Note illustrates the U.S. Department of Agriculture’s (USDA’s) projections that U.S. corn exports will rise to 57.5 million metric tons (2.26 billion bushels) by marketing year 2025/2026, an increase of 22 percent from last marketing year’s total exports of 47 million tons (1.85 billion bushels).
With a large bounty of U.S. corn predicted to be available for export in just a decade, these projections support the Council’s efforts to lay the groundwork now for markets over the long term even while seeking to gain short-term sales. This involves taking prudent risks and making judgment calls in programs around the world.
Examples of these efforts include work on policy and livestock industry development in India and China; tapping into growth potential in existing markets like Mexico and Colombia; and undertaking programs like the Council’s ongoing work in Tanzania to develop the local poultry industry.
While USDA projections are an important indication of what could happen in the future, they are based on specific assumptions about macroeconomic conditions, policy, weather and international developments, with no domestic or external shocks to global agricultural markets. The Agricultural Act of 2014 is assumed to be extended and remain in effect through the projection period. The projections also reflect a composite of model results and judgment-based analyses.
In February, USDA will release its finalized agricultural projections for the next decade, which will include a full discussion on the supply and use projections for the United States as well as projections for global commodity trade, including those by our major competitors and major customers.