Foreign corn export market share surpasses U.S.

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

click image to zoom According to the USDA's Grain: World Markets and Trade report released on Sept. 12, the U.S. corn export market share is forecast to fall below the combined share of all foreign exporters for the first time in 40 years. The U.S. market share had historically been more than 60 percent annually, but has fallen significantly in recent years because of a confluence of events in both the United States and other major exporting countries.

The United States is still the world’s largest producer and exporter in absolute tonnage. However, smaller crops, greater domestic use--particularly for ethanol production--and tightening stocks have constrained exportable supplies of corn.

Conversely, competitors like Argentina, Brazil, and Ukraine have expanded their exportable supplies. Production in those three countries, forecast at a record for 2011/12, has nearly doubled over the past decade as both area and yields have expanded by about one-third. Exports for Argentina and Ukraine are also forecast at a record.

Read the report...



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Grand L60 Series

Kubota’s Grand L60 Series combines a higher level of luxury with outstanding productivity never before seen in this class of ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight