News & Events
U.S. agricultural exports to Mexico have quintupled since the ink dried on the North American Free Trade Agreement (NAFTA) more than 20 years ago. And Mexico’s animal agriculture and feed manufacturing industries want to keep buying even more U.S. corn, sorghum, distiller’s dried grains with solubles (DDGS) and other products, according to a team of Mexican grain buyers, livestock and feed processing representatives who traveled to Nebraska and Washington, D.C., this week.
Pizza, pasta, bread - each may invoke images of meals shared and baker artistry, but not necessarily sorghum. A European trade team traveling to Kansas this week is aiming to re-shape these perceptions of how sorghum flour can be incorporated into iconic baked goods, expanding operations and potential sales for U.S. farmers.
With the swearing in of Robert Lighthizer as the new U.S. Trade Representative (USTR) on Monday, the United States has its chief negotiator in place to help protect and expand markets for U.S. feed grains and value-added products around the world.
On Thursday, the Trump Administration formally informed Congress it intends to renegotiate the North American Free Trade Agreement (NAFTA). Below is a statement from Chip Councell, chairman of the U.S. Grains Council (USGC) and a farmer on the Eastern Shore of Maryland:
Chart of Note
Recent events in foreign policy and the ongoing conversation about the value of U.S. trade agreements have put a spotlight on South Korea as a close U.S. ally and an important customer for U.S. products, including grains.
South Korea is now the fifth largest market for U.S. agricultural exports, totaling $6.2 billion in purchases in 2016. The country was the fourth largest importer of both U.S. corn and distiller's dried grains with solubles (DDGS) as well as the seventh largest importer of U.S. barley in the 2015/2016 marketing year.