Corn, Wheat & Soybean Wholesaling in the US
The Corn, Wheat and Soybean Wholesaling industry has had to contend with difficult market conditions over the five years to 2018. As a result of declining agricultural prices and extremely weak demand, industry performance has been particularly soft, resulting in overall revenue declines. Due to the extreme oversupply and weak supply utilization in the US, end stocks of industry products have increased, which has denied the opportunity for greater price appreciation and increases in industry-specific revenue. Moreover, according to the US Department of Agriculture (USDA), demand for industry products as feed grains has declined to the lowest level since the 2007-2008 observation period, which has undercut industry revenue performance and exacerbated price declines. However, over the five years to 2023, IBISWorld expects that revenue will return to growth, buttressed by price appreciation of industry products and recovering downstream demand.
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.
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