Tag: Trade

Ethanol exports, mid-level blends provide optimism for U.S. corn prices

Earlier this week, the U.S. Department of Agriculture released its outlook for 2017 U.S. corn, with September production and yield estimates up slightly from August. Just after the report was released, corn futures declined.

While demand for corn has struggled to keep up with record-breaking yields, international market share for U.S.-grown corn has decreased with additional countries entering the market. These factors and more have led to struggling corn prices and tight margins for Minnesota farm operations.

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South Korea corn purchasers tour all things Minnesota corn

Minnesota has been a popular summer destination for countries interested in developing new trade partners for grain. Last week, six corn purchase committee leaders from South Korea made their way through southern Minnesota corn operations, including farms, a grain inspection facility and a co-op.

By visiting the different stops along the journey for field corn, the South Korean representatives were able to see the process that leads to a high quality product. The group started on Lyle Rollag’s farm in Beaver Creek,

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Japanese ag official sees Minnesota grower leaders in action

Representing the Japanese Ministry of Agriculture, Forestry and Fisheries, Kimihiko Eura visited Minnesota last week with a full agenda, experiencing nearly every corner of Minnesota agriculture. USDA offices, co-ops, ethanol plants, and of course many farms were all included during his week-long stay.

Organized by the Minnesota Corn Growers Association (MCGA), Eura’s trip to Minnesota was planned with the objective to gauge crop conditions, supply and demand of Minnesota corn and its storage capabilities.

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MCR&PC member added to U.S. Grains Council board of directors

Minnesota Corn Research & Promotion Council member Chad Willis was recently elected to the U.S. Grains Council board of directors, where he will help direct strategies that develop new trade markets.

Willis was elected at the Council’s latest meeting, which took place in Vancouver, Wash. Willis, who has been a U.S. Grains Council representative since 2013, looks forward to representing the interests of Minnesota corn growers and help develop relationships with potential trade partners.

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