|Last Quarterly Update:||11/21/2016|
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Companies in this industry distribute grains, such as corn, wheat, and oats, and unpolished rice; dry beans; and soybeans and other inedible beans. Major companies include Archer-Daniels-Midland, Bunge, Cargill, and farmer-owned cooperative CHS (all headquartered in the US), along with Louis Dreyfus (the Netherlands).
Global revenue from corn, wheat, soybean, and rice production is about $540 billion annually, according to the Food and Agriculture Organization of the United Nations. The US is the largest cultivator of corn, the world's most-produced crop. India and China are the largest wheat producers. China is also the leading producer of rice. Demand for grain crops is expected to grow in developing countries, where populations, wealth, and meat consumption are increasing rapidly.
Archer-Daniels-Midland (ADM), Bunge, Cargill and Louis Dreyfus (collectively known as the ABCD companies) are dominant traders of grain globally, controlling as much as 70% of the global grain trade. However, traders such as Olam and Wilmar International (both based in Singapore) and Indonesia's Sinar Mas are quickly establishing a global presence, according to Oxfam International.
The US grain and field bean merchant wholesalers industry includes about 4,800 establishments (single-location companies or units of multi-location companies) that generate annual revenue of about $235 billion.
Demand is driven by food and fuel consumption. Increasing consumption of meat products has fueled significant growth in demand for animal feed, which is made from crops such as soy and ...
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