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 With just one month of data still unpublished, U.S. exports of feed grain in all forms (GIAF) has set a new record high, the result of increased demand, competitive U.S. prices and extensive marketing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). 

USGC Statement On Potential Withdrawal From KORUS

A statement from the U.S. Grains Council (USGC): 

"The Council strongly opposes withdrawal from the U.S.-Korea Free Trade Agreement (KORUS), an action that will lead to immediate and sustained losses in sales to our third largest corn customer.

"South Korea is an example of the transformational partnership available to U.S. grain farmers and their global customers through strong trade policy and overseas market development.

USGC Statement On End Of Vietnam Suspension Of U.S. DDGS

A statement from U.S. Grains Council (USGC) President and CEO Tom Sleight on the announcement that Vietnam will lift its suspension of U.S. distiller’s dried grains with solubles (DDGS) imports and ease fumigation requirements for U.S. corn and wheat imports: 

“We are very pleased to hear the news from Vietnam overnight that, as of today, import permits will be issued for U.S. DDGS and new phosphine fumigation protocols will be acceptable for shipments of U.S. corn, DDGS and wheat. 

Beef, Barley and Ethanol Teams From Mexico Explore U.S. Market Collaboration

USGC Teams from Mexico

At first glance, cattle feeders from Mexico may not appear to have much in common with Corona beer or the Mexican media. Yet each has a common reason for traveling to the United States in late August: learning more about the potential for collaboration and increased business between the United States and Mexico.

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