Grain & Field Bean Wholesalers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/9/2021
SIC Codes: 5153
NAICS Codes: 42451
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Grain & Field Bean Wholesalers Industry Profile

Companies in this industry distribute grains, such as corn, wheat, barley, 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 $800 billion annually, according to the Food and Agriculture Organization of the United Nations. According to the US Department of Agriculture (USDA), the leaders in corn production are the US, China and Brazil, which account for 48% of the world's corn area. Brazil is the largest cultivator of soybeans, followed by the US. 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. However, traders such as Olam and Wilmar International (both based in Singapore) are quickly establishing a global presence.

The US grain and field bean merchant wholesalers industry includes about 4,900 establishments (single-location companies or units of multi-location companies) that generate annual revenue of about $1.86 trillion.

COMPETITIVE LANDSCAPE

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 corn. Also, growth of the biofuels ...

 
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