CATEGORY

Corn

The Corn market is currently in a state of oversupply with rapidly falling prices. Wet milling of corn also yields several types of end-products such as starch, polyols and others which find application in many industries.

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Category Alerts


CATEGORY ALERTS

Russia sets corn export tax

July 04, 2022
alert level: High
CATEGORY ALERTS

Harvest pace picks up in Brazil

July 05, 2022
alert level: Medium
CATEGORY ALERTS

Kenya waives off corn import duty

July 06, 2022
alert level: High

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Corn Market Monitoring Dashboard


Price Trend
23777.06
Dec-2022
INR/MT
History Forecast
Supply Demand

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Corn Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Corn category is 4.00%

Payment Terms

(in days)

The industry average payment terms in Corn category for the current quarter is 95.0 days

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Category Strategy and Flexibility

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SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Corn Suppliers


    24,537
    Total Suppliers
    745
    Diverse Suppliers
    78
    Normalized Supplier Rating
    Corn Supplier

    Find the right-fit corn supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    29

    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82

    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Corn market frequently asked questions


    The global supply of corn during 2019-2020 reached 1163 metric million tons (MMT), while the consumption pegged 1140.4 MMT. This trend is driven by tremendous production in developed regions and rising demand from the feed and citric acid industries.

    As per Beroe’s study, the US and China collectively account for over half of the global corn consumption, owing to the high concentration of corn starch and corn processing industries.

    Corn starch finds use in producing sweeteners and sorbitol, which is a crucial ingredient in vitamin C. Further, the global sorbitol market will grow at a 3.6% CAGR. In comparison, the corn starch market will rise by around 5% CAGR over the years ahead.

    The global corn market is receiving major impetus from the increasing demand from the feed (by 0.8%) and corn processing industries (by 2.1%). Furthermore, the rapid shift toward biofuels is adding another leg of growth.

    The US and Brazil collectively make up for around 60% of the overall corn exports, followed by Argentina (16%), Ukraine (13%), and Russia (3.4%).

    The COVID-19 pandemic has led to surplus supplies in the US along with reduced demand from the animal feed sector, especially from China, which will hit the corn prices. In addition, corn stocks are expected to hit record levels. Furthermore, the declining demand from the domestic feed industry will fuel a downtrend in corn prices. As such, end-users prefer spot buying.

    Corn market report transcript


    Global Market Outlook on Corn

    • Global production in 2019–2020 is forecasted to reach 1,163 MMT
    • The key factors driving the growth include consecutive record production in the U.S. and demand from end-use segments, such as citric acid market and feed industry in China

    • With respect to corn processing end uses, the global sorbitol market is set to rise by a CAGR of 3.6 percent, while the corn starch market could rise by a CAGR of 4.8 percent in the coming years. This is driving the increase in corn demand for the US and China
    • Corn prices are expected to scale down in the current season, owing to the entry of harvest crops. Thus, large buyers, could choose spot buying until December to achieve cost benefits and enter into contract post November
    • Prices could trend upward by approximately 2-4 percent, owing to the increasing FSI use of corn, which is projected to rise by approximately 2 MMT in 2018 – 2019 compared to the previous marketing year

    Global Supply–Demand Analysis

    • The global production has risen by approx. 23 percent over a five-year period as a response to the rise in demand by approx.18.5 percent during the same period
    • The major drivers of demand and supply are the end-use industries, such as corn starch and animal feed, which influences the price trend
    • Over a five-year period, the global corn demand has risen by approx. 8.4 percent, chiefly driven by ethanol production and feed demand
    • The US and China are the top consumers because end-use segments are mainly concentrated in these countries
    • With respect to the corn processing end-use segments, the global sorbitol market is set to rise by a CAGR of 3.6 percent, while the corn starch market could rise by a CAGR of 4.8 percent in the coming years. This is driving the increase in corn demand for the US and China

    Global Corn Trade Dynamics 

    • LATAM countries have traditionally been competitors of the US for exports, but the US is projected to increase its market share close to 34 percent, in 2017/2018, which would be nearly double that of the market share of LATAM
    • Exports from the US is expected to witness a downward trend in 2018, owing to the trade war and positive outlook for Brazil in the international market

    Corn Starch Supply–Demand Analysis

    • It is estimated that ~62.2 MMT of corn starch was produced in 2017. The major regions for corn starch production and the potential suppliers are the US, China, certain regions in the EU, and Asia (other than China). The global corn starch market is expected to grow, staggering by 4.85 percent in the forecast period
    • The global starch production was ~85 MMT as of 2017. Out of this, 53 percent is used for starch sweeteners, 11 percent goes into modified starches and 36 percent into native starches. of which, 68 percent and ~50 percent are corn-based, respectively.
    • Corn starch is used in the manufacture of sweeteners and sorbitol. China is a major player in the sorbitol market, which, in turn, facilitates the manufacture of Vitamin C. Corn starch is thus important for the country
    • The US and China are the major producers of corn starch, holding about 30 percent and 28 percent of the global share, respectively. The US-based global companies, such as Cargill, Roquette, and ADM, among others, possess nearly 70 percent of the sorbitol market, and thus utilize corn starch
    • Therefore, the key regions to focus on for the suppliers are the US, China, as well as major producing countries in the EU, and parts of Asia, other than China