USGC: Producers should be able to keep supplying global demand
The United States is more than able to continue supplying global customers with the necessary grains, according to the U.S Grains Council, the leading organization for export market development for barley, corn, sorghum and their co-products. At the same time, barley, corn, and sorghum growers can rest assured that exports are contributing to the disappearance of grains and their co-products. Citing the May 12 release of the U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates, USGC President and CEO Ken Hobbie said ethanol and exports are responsible for increasing demand and reducing existing supplies.
USDA's report projects corn supplies at 13.7 billion bushels, down 35 million bushels from 2008/2009. The report states that lower 2009/2010 beginning stocks reflect this month's 50 million bushel increases in both exports and ethanol for 2008/2009. Total corn use for 2009/2010 is projected 3 percent higher than the current year, partly because of stronger exports, the report states.
"Corn exports are projected 9 percent higher as world corn trade and feeding recover and feed wheat out of the Black Sea region reduces in availability," said Hobbie. "Exports for U.S. corn and all coarse grains are picking up modestly and will contribute to securing profitability for U.S. growers."
U.S. corn exports for 2009/2010 are estimated at 1.9 billion bushels, up from the 1.8 billion bushels projected for 2008/2009 and down from 2.4 billion bushels in 2007/2008. Barley exports are projected higher at 20 million bushels, up from 14 million bushels from 2008/2009 projections. U.S. sorghum exports are higher at 140 million bushels, up from 130 million bushels projected in 2008/2009.
"As farmers work to ensure a successful planting and growing season, we are confident the U.S. supply will be abundant enough to meet global demands," said Hobbie. "U.S. farmers should be recognized for the hard work they continue to do to guarantee the United States remains a competitive world supplier of grains."
The U.S. Grains Council is a private, non-profit partnership of farmers and agribusinesses committed to building and expanding international markets for U.S. barley, corn, grain sorghum and their products. The Council is headquartered in Washington, D.C., and has nine international offices that oversee programs in more than 50 countries. Financial support from our private industry members, including state checkoffs, agribusinesses, state entities and others, triggers federal matching funds from the USDA resulting in a combined program value of more than $26 million.
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