Export Exchange 2022 Leads to $225 Million in Grain and Co-Product Sales

The Export Exchange conference hosted this fall by the Renewable Fuels Association, U.S. Grains Council (USGC) and Growth Energy is already paying dividends, according to surveys of overseas grain buyers who attended—they purchased $225 million worth of grain and ethanol co-product.

Buyers and end-users were surveyed after the conference to see if they had made any purchase agreements with sellers and if so, how much was purchased. In total, attendees reported sales of just over $225 million with another $128 million under negotiation. That equates to 514,850 metric tons of grains and co-products traded either at the conference or immediately before or after.

The top grain traded during the two-day conference was corn, with 208,800 metric tons collectively purchased, followed by distillers dried grains with solubles (DDGS), with 156,400 metric tons purchased.

Export Exchange 2022 offered attendees a unique opportunity to meet and build relationships with domestic suppliers of corn, DDGS, sorghum, barley and other commodities. More than 200 international buyers and end-users of coarse grains and co-products from more than 35 countries were in Minneapolis for the conference, held Oct. 12 to 14, and for related tours of U.S. farms, ethanol plants and export infrastructure as part of Council trade teams.

“Once again, these numbers show that Export Exchange is where international buyers and sellers go to do business,” said RFA President and CEO Geoff Cooper. “In just three days, buyers purchased enough DDGS to fill three Panamax vessels. We are proud to offer this excellent deal-making opportunity every two years.”

“Trade is absolutely critical to U.S. farmers right now, and these sales show that buyers attending Export Exchange 2022 took the buying opportunities very seriously,” said Ryan LeGrand, president and CEO of the Council. “Putting buyers and sellers together, building and sustaining relationships with our top global grain buyers have been hallmarks of Council activities worldwide. We are thrilled to see how much actual trade was done at the show and in association with it.”

“Exports of U.S. grains and DDGS create jobs here at home while helping international companies satisfy their demand for quality products,” said Growth Energy CEO Emily Skor. “The impressive amount of business generated at this year’s Export Exchange is a testament to the strength and ingenuity of U.S. producers and shows just how important this biennial event is to facilitating trade for U.S. products.”

Other grains traded at Export Exchange included:

  • Corn Gluten Meal—24,250 metric tons;
  • Soybean Meal – 77,000 metric tons;
  • Soybeans – 22,000 metric tons.

The Export Exchange conference provides an ideal forum for continued relationship building among trading partners. The conference is held every two years and will next be held in 2024. More information about the recent event is online at www.exportexchange.org.

Related articles

Senators Fischer and Klobuchar Introduce Year Round E15 Legislation

On Tuesday, Nebraska Republican Senator Deb Fischer along with Minnesota Democratic Senator Amy Klobuchar introduced the Consumer and Fuel Retailer Choice Act. The legislation, also backed by 13 bipartisan Senators, would allow the sale...

Mexico Is Open to Deal with U.S. on GMO Corn

Agriculture Secretary Tom Vilsack met with Mexican President Andrés Manuel López Obrador earlier this week. The leaders discussed a looming decree by the Mexican president that would ban imports of biotech corn into the...

Removal of Trade Barriers Could Increase China’s Ag Imports

China imported more than $205 billion of agricultural products in 2021, including more than $37 billion from the United States. However, USDA Economic Research Service points out that trade barriers deterred China’s imports from...

Impacts of Rail Strike Would Precede Walkout, Paring Congress’ Time to Act

A threatened rail strike could have widespread effects on agriculture, manufacturing and the rest of the nation’s economy days ahead of a walkout. Congress must act sooner than the December 9 strike deadline since the...

Ag Organizations Call for McKalip and Taylor Nominations Votes

Agriculture groups through Farmers for Free Trade call on the Senate to confirm two key agricultural trade officials in the Biden administration. The coalition sent a letter to Senate leaders Tuesday calling for the confirmation...

Latest articles

%d bloggers like this: