In the midst of recent trade uncertainties, the U.S. Grains Council is highlighting the value of its exports. A new study puts the value at $29 billion, a number that leaders say highlights the importance of ag trade around the globe.
The U.S. Grains Council says the value of export markets for the U.S. ag industry cannot be understated. During a study alongside the National Corn Growers Association, they found grain and grain exports supported an economic output of more than $86 billion in 2021 and helped support nearly 350,000 jobs.
They also found that for every dollar that grain exports generate, nearly $3 in business sales is supported.
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Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
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Treat storage as risk management and logistics, and budget to break even since export growth is unlikely to absorb bigger U.S. corn and soybean crops.