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U.S. corn exports to Colombia hit historic trade levels at 3.6 million metric tons (MT) in Marketing Year (MY) 2014 with a trade value of $861 million.
MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.
Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.
The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT).
South Africa’s net trade in corn is expected to decrease from 2.0 million tons to 100,000 tons in the 2014/15 MY, due to a mid-summer drought that hit the main corn producing areas.
The Japanese feed industry relies almost entirely on imported grains.
Ecuador’s COMEX Resolution 011-2015 (March 6, 2015) will have a significant impact on U.S. consumer-oriented export products such as beef, pork, confectionary, and fresh fruits.
U.S. corn exports to Peru sky-rocketed in CY 2014 to a record 1.7 MMT valued at $432 million.
Ecuador’s wheat production in marketing year (MY) 2015/16 (July-June) is forecast to reach 5,000 metric tons (MT), down about 1,000 MT from the MY 2014/15 estimate.