$254.6bn
$X.Xbn
50,414
6,114
$X.Xbn
The Corn, Wheat and Soybean Wholesaling industry plays a crucial role in the agricultural supply chain, distributing key grains that form the basis of many American diets. Despite the challenging circumstances brought about by the COVID-19 pandemic, demand for these staple foods remained relatively stable. With an uptick in demand during post-pandemic recovery, suppliers found it difficult to meet these new levels, leading to inflation in the prices of these agricultural products. The geopolitical conflict in Ukraine further burdened the industry through wheat supply constraints. The government's emphasis on reducing carbon emissions through subsidizing biofuels, which use corn and soybean oils as key components, has positively influenced the industry's revenue. Industry revenue has increased at a CAGR of 4.2% to $254.6 billion over the five years to 2024, despite a 5.1% decline in 2024 alone.
Industry revenue has grown at a CAGR of 4.2 % over the past five years, to reach an estimated $254.6bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Archer-Daniels-Midland Co | 28,368.4 | 1,445.2 | 5.1 | |
Chs Inc. | 24,553.7 | -38.4 | -0.2 | |
Cargill, Incorporated | 8,396.4 | 205.1 | 2.4 |
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Industry revenue is measured across several distinct product and services lines, including Corn, Soybeans and Wheat. Corn is the largest segment of the Corn, Wheat & Soybean Wholesaling in the US.
Corn selling is under threat from soaring fertilizer costs
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.
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NAICS 42451 - Corn, Wheat & Soybean Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue for corn, wheat and soybean wholesalers has exhibited drastic volatility due to the pandemic and fluctuating agricultural prices. Subsidization of biofuels increases ...
Learn about an industry's products and services, markets and trends in international trade.
Several factors are influencing global agricultural markets, including unpredictable weather patterns, inflation, rising fertilizer costs, ongoing trade wars and growing deman...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Plains region produces the most wheat, corn and soybeans compared with every other region, as there's more arable land. Wholesalers settle in this region to be located ne...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
To improve efficiency, major corn, wheat and soybean wholesalers tend to operate in other industries, such as farming and food processing. These large companies have less of ...
Learn about the performance of the top companies in the industry.
The largest industry companies comprise nearly 30.0% of revenue for corn, wheat and soybean wholesalers, indicating that the industry is not too consolidated. The largest ope...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Most regulations that affect corn, wheat and soybean wholesalers relate to grain inspection, the correct methods companies must follow to process their crops and warehouse ope...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Major wholesalers have the ability to pass on high prices to their buyers, as food processors need goods, such as corn, wheat and soybeans, to make their products. Profit soa...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Corn, Wheat & Soybean Wholesaling in the US industry in United States is $254.6bn in 2024.
There are 6,114 businesses in the Corn, Wheat & Soybean Wholesaling in the US industry in United States, which has declined at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Corn, Wheat & Soybean Wholesaling in the US industry in United States has been growing at a CAGR of 4.2 % between 2019 and 2024.
Over the next five years, the Corn, Wheat & Soybean Wholesaling in the US industry in United States is expected to decline.
The biggest companies operating in the Corn, Wheat & Soybean Wholesaling market in United States are Archer-Daniels-Midland Co, Chs Inc. and Cargill, Incorporated
Corn Wholesaling and Soybean Wholesaling are part of the Corn, Wheat & Soybean Wholesaling in the US industry.
The company holding the most market share in United States is Archer-Daniels-Midland Co.
The level of competition is high and steady in the Corn, Wheat & Soybean Wholesaling in the US industry in United States.