U.S. - Cereals - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Cereal Prices in the United States

U.S. Cereal Export Price per Ton in August 2022

In August 2022, the cereal price per ton stood at $368.3 (FOB, US), therefore, remained relatively stable against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +3.0%. The pace of growth was the most pronounced in April 2022 when the average export price increased by 6.4% month-to-month. Over the period under review, the average export prices attained the peak figure at $372.1 per ton in June 2022; however, from July 2022 to August 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In August 2022, the country with the highest price was South Korea ($461.0 per ton), while the average price for exports to Canada ($299.0 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Cereal Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was other cereals ($3.7K per ton), while the average price for exports of barley ($263.0 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: rye (+14.4%), while the prices for the other products experienced more modest paces of growth.

U.S. Cereal Exports

In August 2022, overseas shipments of cereals decreased by -5.9% to 6.2M tons, falling for the fifth consecutive month after three months of growth. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in February 2022 when exports increased by 15% month-to-month.

In value terms, cereal exports reduced modestly to $2.3B (IndexBox estimates) in August 2022. In general, exports saw a slight setback. The growth pace was the most rapid in February 2022 with an increase of 20% month-to-month.

U.S. Cereal Exports by Type

Maize (3.3M tons), wheat (2.5M tons) and sorghum (286K tons) were the main products of cereal exports from the United States, together accounting for 98% of total exports. These products were followed by paddy rice, barley, oats, millet, other cereals, quinoa, rye, canary seed, buckwheat and triticale, which together accounted for a further 1.5%.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by triticale (with a CAGR of +39.8%), while the other products experienced more modest paces of growth.

In value terms, maize ($1.1B), wheat ($1B) and sorghum ($91M) were the most exported types of cereals from the United States worldwide, together accounting for 98% of total exports. These products were followed by paddy rice, other cereals, millet, barley, oats, quinoa, rye, canary seed, buckwheat and triticale, which together accounted for a further 1.9%.

In terms of the main product categories, triticale, with a CAGR of +52.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

U.S. Cereal Exports by Country

Mexico (1.7M tons), China (1.4M tons) and Japan (718K tons) were the main destinations of cereal exports from the United States, together accounting for 62% of total exports. These countries were followed by Canada, the Philippines, South Korea, Yemen, Brazil, Nigeria, Ecuador, Colombia and Guatemala, which together accounted for a further 22%.

From January 2022 to August 2022, the biggest increases were in Ecuador (with a CAGR of +165.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from the United States were Mexico ($607M), China ($478M) and Japan ($281M), with a combined 60% share of total exports. Canada, the Philippines, South Korea, Brazil, Yemen, Nigeria, Ecuador, Colombia and Guatemala lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Ecuador, with a CAGR of +138.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cereal market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 108 - Cereals, nes
  • FCL 103 - Mixed grain
  • FCL 92 - Quinoa
  • FCL 15 - Wheat
  • FCL 71 - Rye
  • FCL 44 - Barley
  • FCL 75 - Oats
  • FCL 56 - Maize
  • FCL 27 - Rice, paddy
  • FCL 83 - Sorghum
  • FCL 89 - Buckwheat
  • FCL 101 - Canary seed
  • FCL 94 - Fonio
  • FCL 97 - Triticale
  • FCL 79 - Millet

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Apr 29, 2023
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In February 2023, the price of cereal was $354 per ton (FOB US) - a decrease of -4.4% compared to the previous month.

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Sep 1, 2023
Eye 246

Exports of Wheat significantly dropped to $381M in June 2023 in terms of value.

U.S. Wheat Price Contracts for Two Consecutive Months to $409 per Ton
Nov 10, 2022
Eye 239

In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.

Wheat Price per Ton June 2022
Aug 18, 2022
Eye 803

In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.  

Wheat Price per Ton April 2022
Jul 12, 2022
Eye 319

In Apr 2022, the wheat price per ton stood at $265 (FOB, US), increasing by 31% against the previous month. 

U.S. Durum Wheat Price Fell from $616 per Ton in March to $483 per Ton in July
Oct 4, 2022
Eye 608

In July 2022, the durum wheat price per ton stood at $483, which is down by -11.8% against the previous month.

Grain Price in U.S. Loses 4%, Bottoming at $356 per Ton
Nov 8, 2022
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In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.

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Jun 10, 2023
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Oct 19, 2023
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Explore the top import markets for cereal around the world, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Turkey, Algeria, and Indonesia. Discover key statistics and market insights from the IndexBox platform.

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Oct 30, 2023
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Free Data: Cereals - United States