MaxYield Hosts Grain Importers from Mexico
MaxYield Cooperative recently hosted representatives from five Mexican grain importers at their grain facility in Belmond, IA. The grain buyers were visiting cooperatives, grain end-users, and corn growers in Iowa prior to the U.S. Grains Council Export Exchange in Detroit, Michigan.
“We were thrilled to host this team in Belmond,” stated MaxYield CEO Keith Heim. “It is important that we further develop and strengthen the relationships between Mexican corn buyers and Midwest cooperatives and grain exporters. Even with local feed and ethanol demand for corn, there is still a large demand for Iowa corn outside the U.S.”
The grain buyer’s began their Iowa tour in Jefferson, before traveling to other cooperatives and grain users, ultimately to MaxYield’s facility in Belmond.
“As the largest buyer of U.S. corn, Mexico continues to be a bright spot for U.S. ag exports,” said Iowa Corn Growers Association Directory Jerry Maier, a farmer from Eagle Grove. “U.S. corn exports reached a record high this marketing year. Our Mexican grain and feed buyers rely on the quality and availability of U.S. corn and distillers grains which are shipped directly from states like Iowa, keeping transportation cost low. We look forward to further expanding this important market in the future.”
In the 2015-2016 marketing year, an estimated 13.3 million tons of U.S. corn was exported to Mexico, a 17 percent increase from the previous year of 11.3 million tons and a 75 percent increase from 2010-2011. In addition, distiller’s grains experienced a 19 percent increase from the previous marketing year, increasing from 1.59 million tons to an estimated 1.9 million tons.
Sponsored every other year by the U.S. Grains Council (USGC) and the Renewable Fuels Association (RFA), the Export Exchange brings together international buyers with U.S. sellers of corn, sorghum, barley, distiller’s dried grains with solubles (DDGS), corn gluten meal and corn gluten feed. This year’s Export Exchange conference is slated to be the largest on record with more than 215 buyers and end-users from more than 35 countries organized into 19 USGC trade teams.
About MaxYield Cooperative
MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.