Feed grain exports from the U.S. are up 20 percent this year and could set a record high, according to the U.S. Grains Council. Exports of U.S. feed grains in all forms were up 20 percent year-over-year from September through June to 96.9 million metric tons, according to data from the U.S. Department of Agriculture. The U.S. Grains Council says the new record could be achieved by the end of this marketing year thanks to attractive prices. Meanwhile, U.S. ethanol exports have already reached a new all-time high at 1.15 billion gallons this marketing year. Exports of U.S. ethanol to Canada, a key partner through the North American Free Trade Agreement, also increased to 263 million gallons, a 5 percent growth compared to the same time the year prior. And India set a record for U.S. ethanol purchases, more than doubling year-over-year to 116 million gallons. Exports of U.S. corn increased 36 percent year-over-year to 49.9 million tons, already exceeding export totals for the last five marketing years.
Source: NAFB News Service