Drivers for Success in 2014: Trade

December 6, 2013 07:53 PM
Drivers for Success in 2014: Trade

The goal for the 2014 corn crop is to rebuild exports to pre-drought levels of nearly 1.55 billion bushels. That would help hold 2014/15 corn carryover closer to 2 billion bushels.

Soybeans have enjoyed a two-year growth pace of 80 million bushels; that pace needs to continue. Another one-year gain of 40 million bushels would drive exports of 2014 soybeans close to 1.5 billion bushels, relieving the pressure on prices.

Despite a bigger corn crop in China, the country’s import needs continue to grow. The U.S. will maintain its "preferred supplier" status, but China will continue to import from Argentina, Ukraine and Brazil.

Back to news

AgTech Expo

Harness the power of AgTech

Farm Journal's AgTech Expo
Dec. 11 to 13 in Indianapolis, IN

Keynotes from: Google's Geospacial Technologist, Farm Journal Field Agronomist Ken Ferrie, and an expert in the Internet of Things. Plus 19 breakouts presented by independent industry experts. To learn more, click here.




Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer