How much corn does the US export each year?

How much corn did the US export in 2020?

U.S. corn exports were up $1.6 billion (20 percent) from a year ago to $9.2 billion in 2020. Strong feed demand in China contributed to this sharp increase, as did China’s implementation of the Phase One Agreement.

How much corn does the US produce each year?

The total production of corn in the US for the year 2019 is reported to be 13.016 billion bushels, of which the major use is for manufacture of ethanol and its co-product (Distillers’ Dried Grains with Solubles), accounting for 37% (27% + 10%), or 4,845 million bushels (3,552 + 1,293).

How much corn did the US export in 2018?

USDA pegs 2018-19 U.S. corn exports at 2.1 billion bushels (53.3 million tonnes), but the data suggests the reality may have been closer to 2.06 billion.

How much does the US make from exporting corn?

U.S. corn exports at $7.6 billion were down 39 percent or nearly $5 billion in 2019, from the 2018 record. This is the lowest level of corn exports since 2013.

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Who buys the most corn?

Searchable List of Corn Importing Countries in 2020

Rank Importer Corn Imports (US$)
1. Japan $3,294,930,000
2. Mexico $3,086,058,000
3. China $2,490,317,000
4. Vietnam $2,402,234,000

What country buys the most US corn?

Top United States’ corn buyers by country 2020

According to the report, Mexico bought over 571 million bushels of corn from the United States that year.

Why is corn cheap?

“Corn has and always will be cheap, because it grows everywhere in the world,” said Fussell. At present, a bushel of corn costs about $4 — less than half the price of soybeans, and a good deal less than wheat. … Less than 10 percent of the corn used in the United States is directly ingested by humans.

What is the biggest crop in the world?

The largest crop in the world in 2019 was sugarcane from Brazil followed by sugarcane from India and corn from the United States. Brazil produced more than 750 million metric tons of sugarcane in 2019. China produced five of the ten largest crops in the world in 2019.

What percentage of corn does the US produce?

The major feed grains are corn, sorghum, barley, and oats. Corn is the primary U.S. feed grain, accounting for more than 95 percent of total feed grain production and use. More than 90 million acres of land are planted to corn, with the majority of the crop grown in the Heartland region.

How much money does the US make from corn?

According to the report, the production value of corn for grain amounted to around 61.04 billion U.S. dollars in 2020.

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How much corn does the US import?

According to the report, U.S. corn imports amounted to approximately 57 million bushels in 2016, down from 68 million bushels the previous year.

U.S. imports of corn from 2001 to 2020 (in million bushels)*

Characteristic Imports in million bushels
2019 28
2018 36
2017 57
2016 57