Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
U.S. Corn Exports Make A Comeback
A record crop and shrinking competition will help U.S. corn exports to
recover in 2003/04, after posting the lowest market share in 30 years. For
the previous 5 years, U.S. exports slid while Argentina and Brazil
expanded into the North African/Middle Eastern markets and China became
dominant in Asia. That situation is expected to reverse this year, as
Argentina faces the prospect of a smaller crop, and China’s exportable
supplies are reduced because of decreased production and years of
aggressive stock drawdowns.
Total U.S. commitments (shipments and sales) to North Africa since September are almost double the amount for the same period last year, while Argentina’s pace to those markets has slowed. U.S. sales to Indonesia, Taiwan, and South Korea are also ahead of last year. There are reports that Malaysian importers are looking to other sources as the Chinese pipeline dries up. The uncertainty over China’s export program could give a further boost to U.S. corn sales to Asia.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
International Market Analysis:
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
Notice to readers:
Beginning with the January 2004 issue of the Grain: World Markets and Trade circular, printed versions will no longer be published. The online issue of the circular, which includes Summary Tables, Situation and Outlook reports, and Historical Data Series for Selected Regions and Countries, will be available via the FAS Web site (http://www.fas.usda.gov/grain/).
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Last modified: Thursday, November 13, 2003