Corn, Wheat & Soybean Wholesaling in Minnesota
The Corn, Wheat and Soybean Wholesaling industry in Minnesota contracted over the five years to 2018 due to difficult market conditions. Operators in this industry purchase and distribute grains such as corn, rice, wheat, dry beans, soybeans and other inedible beans. Industry operators distribute these goods to manufacturers and farmers to use as inputs and other wholesalers for resale. These decreases in industry revenue at both the state and national level are primarily due to fluctuations in the prices of corn, wheat and soybeans. Over the five years to 2023, industry revenue is expected to recover as the costs of key inputs rebound.
Operators in this industry purchase and distribute grains such as corn, rice, wheat, dry beans, soybeans and other inedible beans. They distribute these products to food processors, industrial manufacturers, animal feed producers, exporters and other buyers. The industry includes players that operate grain elevators for bulk wholesale, but excludes players that operate grain elevator establishments for storage. Wholesalers of field and garden seeds are also excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.