AGRIBUSINESS: American Grain in the Middle East
For years the U.S. Grains Council has tried to get American grain to the Middle East. Two years ago a few U.S. commodities made it to the Saudi Arabian import subsidy list.
The Council says this effort paid off after a Saudi Arabian company purchased a bulk shipment of about 5.9 million bushels of U.S. corn. The shipment is set for delivery between January and February.
Last marketing year U.S. corn accounted for 18 percent of that market.