Export Exchange leads to 875,000 tons of DDGS sold amounting to about 8% of annual exports

December 5, 2016 |

In Michigan, the Export Exchange conference hosted this fall by the U.S. Grains Council (USGC) and Renewable Fuels Association (RFA) is already paying dividends, according to new surveys of overseas grain buyers who attended – to the tune of nearly a half billion dollars’ worth of grain and ethanol co-product sales.

Buyers and end-users were asked after the conference if they made purchase agreements with sellers and how much volume was purchased. In total, attendees reported sales of approximately 2.6 million metric tons of grains and co-products worth $460 million traded either at the conference or immediately before or after.

The top grain traded during the two-day conference was corn, with 924,500 metric tons collectively exchanged, followed by distiller’s dried grains with solubles (DDGS), with 875,000 metric tons exchanged. This means buyers at the conference struck deals to purchase an amount of DDGS equivalent to roughly 8 percent of last year’s total U.S. DDGS exports.

Export Exchange 2016 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 Detroit for the conference, held Oct. 24 to 26, and for related tours of U.S. farms, ethanol plans and export infrastructure as part of Council trade teams.

Category: Fuels

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