U.S. - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCereal 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.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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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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Exports of Wheat significantly dropped to $381M in June 2023 in terms of value.
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In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.
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In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.
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In Apr 2022, the wheat price per ton stood at $265 (FOB, US), increasing by 31% against the previous month.
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In July 2022, the durum wheat price per ton stood at $483, which is down by -11.8% against the previous month.
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Bunge Global's earnings fell short of expectations in Q4 as oversupply in global crop prices squeezed margins.
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ADM announces layoffs to counteract low crop prices impacting profits, reflecting broader challenges in the agricultural sector.
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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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Learn how to develop a successful market entry strategy for the U.S. grain market by conducting market research, complying with regulations, establishing strong partnerships, and leveraging market intelligence platforms.
