The United States of America is the largest producer and exporter of the maize crop and maize is one of the major crops grown in the US. In 2015, the maize crop was grown in 88 million acres and the harvest from 80.7 million acres was from the US alone. In 2015, the total production of maize in the USA was around 13.6 billion bushels (one bushel=25.40kg), worth USD 49 billion.
The US is the largest exporter of maize, accounting for 30% (worth USD 8.66 billion) of the world’s maize exports. The total maize export by the US decreased by 22% in the year 2015 compare to 2014. Consumption-wise, the US is one of the largest consumers of maize and consumed around 11,454 million bushels in the year 2015. The segment-wise consumption of maize in the US for 2015 includes feed and residual (38%), export (12.9%), bio-fuel (30.5%), DDGs (7.2%), High Fructose Corn Syrup (3.6%), sweeteners (2.1%), starch (1.8%), cereals (1.5%), beverages (1%) and seeds (0.2%).
The increasing demand for meat and feed globally is the biggest driver for the US maize trading. Countries like South Korea, India and China are the biggest importers of the US maize. At the same time, international trade barriers, government regulations, and high competition levels are some of the market restraints for the US maize trading.
In 2015, China and India, the largest feed producers in the Asia-Pacific, were lagging behind in maize production due to farmers’ shift to the soybean crop. This is the biggest opportunity for the US to increase it maize trade with the Asian region.
The United States maize crop market report covers the following information –
- Crop production
- United States consumption
- United States trade (export-import) scenario and statistics
- Price trend and seasonality of the crop
- Future outlook of the crop market
Stakeholders who would benefit -
- Crop growers
- Enterprises providing agricultural inputs
- Crop processing companies
- Crop importers and exporters
- Investors/research institutions interested in the crop marke
