Farmer Marketing Decisions Economics农民营销决策经济学.pptVIP

US Crop Production, 2003 Grain Mil. Ac Mil. bu Corn 71.1 10,114 Soybeans 72.3 2,418 Wheat 52.8 2,336 Sorghum 7.8 411 Barley 4.7 276 Oats 2.2 145 Grain Marketing Channel Local elevators Grading, drying, some storage First pricing point Some processing (particularly feed) Subterminal elevators Concentrate grain for shipment Limited storage Purchase from local elevators Grain Marketing Channel Terminal Elevators Processing Exports Export terminal elevators Ocean port or seaway Limited storage Grain Pricing Central price discovery point for grain is the commodity futures markets. Local markets p