Agricultural Policy, Production Supply and Demand Headline First Export Exchange 2024 Sessions

(U.S. Grains Council) Export Exchange 2024 began today in Fort Worth, Texas, where the U.S. Grains Council (USGC), partnering with Growth Energy and the Renewable Fuels Association (RFA), welcomed nearly 500 guests including international buyers and domestic U.S. value chain stakeholders to the conference.

With 28 industry exhibitors to further showcase the breadth of the U.S. agriculture and agribusiness industries, Export Exchange encourages real-time trade and relationship building.

“It is essential for us to strengthen the bonds between suppliers and partner countries, and the connections we make this week will not only help propel our industry this year, but for years to come,” Ryan LeGrand, president and CEO of the U.S. Grains Council said. “Export Exchange provides the perfect environment for stakeholders to get answers, make contacts and build business.”

Tuesday also included speaker Jason Hafemeister, the USDA acting deputy undersecretary for trade and foreign agricultural affairs. Hafemeister presented USDA’s goals for exports and explained the necessity of trade for U.S. agriculture success.

“[Exports] help keep rural American economies strong and vibrant, so we are all in on promoting trade. It is also an important part in our relationships with the rest of the world, Hafemeister said. “The United States is a reliable supplier of agricultural products. We want to develop strong relationships with our trading partners, and we think that the flow of agriculture commodities is critical to do so.”

Other Tuesday speakers included information about global feed demand by Ankush Bhandari with Verition Fund Management; “Requirements of the Agriculture Supply Chain and Transportation Amidst Global Upheaval,” presented by Ken Eriksen of Polaris Analytics and Consulting; and “Understanding Today’s Contracts,” by Alejandra Castillo and Thomas Erickson from the North American Export Grain Association.

The day’s speakers highlighted commodity outlooks and examined the continuous evolution of agriculture industry with “Sorghum, The Smart Choice,” presented by Norma Ritz Johnson from the United Sorghum Checkoff Program; “Co-Products in Petfood,” by Kent Cooper with Evolve Consulting Group; a discussion of new opportunities with “Seafood Protein Demand Outlook,” presented by Gary Morrison from Expana; and “Value-Baded Procurement of U.S. Co-Products,” led by Guy Allen with the International Grains Program.

Wednesday, the final day of the event, will include discussions on new co-products in the market by Joe Ward with the Dried Distillers Council; sustainable corn and co-products exports offered by USGC Director of Global Sustainability, Carlos Suárez; and a panel discussing the value U.S. corn including Dr. Vijay Singh, University of Illinois, Kurt Shultz, USGC and Doug Kitch, CPM Industrial Solutions.

More information about ExEx 2024, including registration details, is available at www.exportexchange.org or on social media using the hashtag #ExEx24. READ MORE

Excerpt from U.S. Grains Council: Export Exchange 2024, sponsored by the U.S. Grains Council (USGC), Growth Energy and the Renewable Fuels Association (RFA), culminated on Wednesday with a focus on new products, sustainability and the superior value of U.S. corn.

“We are incredibly excited to see the impact that this week will have in the coming year as international stakeholders continue to generate new business within the U.S. value chain,” Ryan LeGrand, USGC president and CEO said. “Export Exchange has proven to be a crucial part in strengthening U.S. relationships with international industry professionals and therefore, strengthening the U.S. agriculture industry for years to come.”

Speakers during the last day of the event illustrated numerous reasons why U.S. commodities offer the best advantage to global buyers and how its scalable and transparent export system provides direct access to satisfy grain needs around the world.

Topics during Wednesday’s general sessions, covered by top experts in their fields, included “New Co-Products in the Market,” by Joe Ward, executive director of the Distillers Grains Technology Council; “Sustainable Corn and Co-Products Exports,” presented by USGC Director of Global Sustainability Carlos Suárez; and a panel, “Value of U.S. Corn,” featuring Dr. Vijay Singh from the University of Illinois, USGC Senior Director of Global Strategies Kurt Shultz and Technical Sales Manager at CPM Industrial Solutions Doug Kitch.

Export Exchange 2024 allows buyers and sellers of U.S. corn, distiller’s dried grains with solubles (DDGS), sorghum and other commodities to network and gain a better understanding of the needs of buyers around the world and the caliber of supply the U.S. provides.

As Export Exchange ends, 13 trade teams will continue the momentum and head to corn-growing states to see advanced farming operations, explore DDGS production at ethanol plants, view port facilities and more to build their networks with U.S. suppliers, rounding out their time in the United States.

Excerpt from Brownfield Ag News: The USDA’s Under Secretary for Trade and Foreign Agricultural Affairs says ethanol exports should be a bright spot for years to come.

Alexis Taylor says market expansion for U.S. biofuels has been strong, and the Philippines could be an important trading partner in 2025.

“Philippines recently moved to finalize moving to E20 on a voluntary measure,” she said. “They currently have mandatory E10 blending and so huge opportunity as they look to expand their ethanol on-road vehicle opportunities.”

She tells Brownfield, “That could open up another $250 million annually of additional ethanol exports.”

Taylor says the consistency of exports to Canada will be critical. “They remain our top ethanol export market,” the Under Secretary said.

Data from the Renewable Fuels Association shows nearly one-third of the country’s ethanol exports go to Canada. READ MORE

Agricultural Policy, Production Supply and Demand Headline First Export Exchange 2024 Sessions

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