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Corn
Market, Supplier, Risk and
Competitive Intelligence

Manage Corn Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Corn related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Corn to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Corn related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Corn to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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COVID 19 impact on Corn market

  • Expected surplus supplies in the U.S. along with decimated demand due to the Corona virus from the animal feed industry, especially from China to weigh on corn prices. Inventories are expected to reach record highs.
  • Corn prices are expected to witness a continuous downtrend owing to the falling corn demand from domestic feed sector and thus spot buying is preferred

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Report Coverage

  • Global Corn Trade Dynamics
  • Cost Structure Analysis
  • Regional Market Outlook-US, Brazil, China, Ukraine,
  • Innovations/Trends

 

Table of contents

  1. Executive Summary
  2. Supply/Demand and Prices
  3. Global Corn Market
  4. Contract Structures by Industry and Price Benchmarking
  5. Cost Savings, Based on Contract Structures
  6. COVID -19 Impact

 

  1. Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. Global Supply–Demand Analysis
  5. Global Demand Analysis
  6. Global Corn Trade Dynamics
  7. Global Corn Starch Supply–Demand Analysis
  8. Cost Structures
  9. Regional Market Outlook (U.S., Brazil, and China)
  10. Supply–Demand Analysis
  11. Trade Dynamics
  12. Pricing Analysis

 

  1. Industry Analysis
  2. Industry Outlook (U.S., Europe, and Asia)
  3. Porter’s Five Forces Analysis
  4. Innovations

 

  1. Corn Processing Industry Analysis
  2. Global Corn Starch and Derivatives Supplier Market Share

 

  1. Purchasing Analysis
  2. Sample RFP/RFI Questionnaire

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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

CornMarket Frequently Asked Questions

  1. What is the current scenario of the global corn market?
  2. 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.
  1. Which regions are the prominent corn consumers?
  2. 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.
  1. What are the uses of corn starch?
  2. 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.
  1. What major factors are driving the global corn market?
  2. 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.
  1. Which regions are the prominent corn exporters?
  2. 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%).
  1. What is the COVID-19 impact on the global corn market?
  2. 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.

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