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Corn, Wheat & Soybean Wholesaling in the US - Industry Market Research Report

Corn, Wheat & Soybean Wholesaling in the US - Industry Market Research Report

  • April 2019
  • 37 pages
  • ID: 198460
  • Format: PDF
  • By Ibisworld

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With the grain: Revenue will return to growth, bolstered by price appreciation

Abstract

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 2019. As a result of declining agricultural prices and extremely weak demand, industry performance has been particularly feeble. Over the five years to 2019, industry revenue is expected to decline. It is important to note that this industry’s poor performance has primarily been a result of a comedown off of historic highs in the prices of corn, wheat and soybeans prior to the current period. However, over the five years to 2024, IBISWorld expects that revenue will return to growth, bolstered by price appreciation of industry products and recovering downstream demand from food and feed manufacturers.

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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