Export Exchange 2022 last month in Minneapolis is already making bank for participants, according to surveys of overseas grain buyers who attended saying they purchased at least $225 million worth of grain and ethanol co-product.
Buyers and end-users were surveyed after the conference to see if they had made any purchase agreements with sellers and if so, how much was purchased. In total, attendees reported sales of just over $225 million with another $128 million under negotiation. That equates to 514,850 metric tons of grains and co-products traded either at the conference or immediately before or after. The top grain traded during the two-day conference was corn, with 208,800 metric tons collectively purchased, followed by distillers dried grains with solubles (DDGS), with 156,400 metric tons purchased.
“Once again, these numbers show that Export Exchange is where international buyers and sellers go to do business,” said Renewable Fuels Association President and CEO Geoff Cooper. “In just three days, buyers purchased enough DDGS to fill three Panamax vessels. We are proud to offer this excellent deal-making opportunity every two years.” RFA has co-sponsored the Export Exchange since 2010.