GROWING DEMAND FOR INDIANA SOYBEANS IN INDONESIA
The Indiana Soybean Alliance is working with buyers in Indonesia to direct-export Indiana-grown soybeans by container. The 10-person delegation, led by ISA, has been meeting with potential soybean buyers in the country. Ed Ebert, senior director of market development with ISA, says there is a significant opportunity for farmers in the state to export US Number 1 soybeans. “Between 2.4 and 2.5 million metric tons per year, which is pretty significant,” he says. Ed Ebert tells Brownfield the Regional Agricultural Promotion Program is crucial to market development.
The Regional Agricultural Promotion Program offered through the USDA is providing $2.3 billion to help American producers maintain and develop markets for their commodities. USDA allocated $1.3 billion to RAPP to support specialty crop industries to diversify export markets. Eligible commodities include high oleic soybeans, non-genetically modified, food-grade soybeans, specialty corn, and co-products like distillers’ dry grain, ethanol, hardwoods, meats and poultry, eggs, turkey, duck, and pork.
(Link: brownfieldagnews)
MEXICO BUYING MORE U.S. YELLOW CORN
The vice president of the U.S. Grains Council Cary Sifferath says the top market for U.S. corn is buying more yellow corn than usual. “It’s up 33% more than it was last year.” But white corn exports to Mexico are declining because of the country’s GMO corn ban. However, he says additional business in other countries could offset some of the impacts. He says a dispute settlement panel continues to work on resolving the Mexico GMO corn dispute to remove Mexico’s GMO corn ban with a final ruling expected in November.
(Link: brownfieldagnews)
