Ethanol Activities In South Korea, Vietnam Highlight Importance Of Policy’s Role In Trade

Brian Healy, USGC manager of ethanol export market development, discusses potential for ethanol in South Korea.

Developing markets for U.S. ethanol involves a complex combination of trade policy and marketing work. Two U.S. Grains Council (USGC) activities this past week aimed to not only provide insights on ethanol policy development with a role for trade, but also exchange information with government officials, traders and even consumers about the environmental, health and economic benefits of increased ethanol use. 

South American Trade School Helps Build Demand For U.S. Grains

Strong educational programming is a critical element of the U.S. Grains Council (USGC) strategy to build global demand for U.S. corn, sorghum, barley and value-added products. As part of that effort, USGC recently offered trade schools in three cities across Colombia to provide a farmer-to-final product perspective on U.S. grains. 

More than 120 attendees took part in the seminars, gaining insights from farmers, traders and USGC staff on topics including hedging, international freights and consolidation of purchasing pools. 

Mexican Grain Team In Nebraska, D.C.: NAFTA Is A Good Deal For U.S. Agriculture

Mexican Grain Team with Nebraska Governor Pete Ricketts. Photo courtesy of Nebraska Corn.

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. 

Chart of Note

Free Trade, Relationships Key To Market Competitiveness In South Korea

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.