Thailand MOU Could Reopen U.S. Corn Export Market

Thailand will not replace major corn buyers overnight, but renewed access could create another outlet for U.S. corn demand.

NASHVILLE, TENN. (RFD NEWS) — U.S. corn growers may have a new export opportunity in Thailand after U.S. suppliers and Thai buyers signed a memorandum of understanding (MOU) to support future corn trade. U.S. Grains & BioProducts Council President and CEO Ryan LeGrand says Thailand currently buys no U.S. corn.

LeGrand says meaningful Thai purchases have been absent for years. He says Thailand has not imported more than 100,000 metric tons of U.S. corn since the early 2000s, and last reached about 20 million bushels in the mid-1990s.

The new agreement could change that. LeGrand says Thailand may be ready to buy at least one million metric tons, or roughly 39-40 million bushels, with annual needs closer to 118-157 million bushels.

The Council develops export markets for U.S. corn, barley, sorghum, ethanol, and related products, including distillers’ grains.

LeGrand says the next step is execution, with exporters needing to sell and deliver the bushels.

Farm-Level Takeaway: Thailand will not replace major corn buyers overnight, but renewed access could create another outlet for U.S. corn demand.
Tony St. James, RFD News Markets Specialist
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Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

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