The Changing Face of the U.S. Grain System
by Aziz Elbehri
Economic Research Report No. (ERR-35) 39 pp, February 2007
U.S. grains were once exclusively handled by commodity markets characterized by standard grades (for example, number 2 yellow corn), a large number of buyers and sellers, and prices that were transparent on commodity exchanges. Increasingly, though, specialty grains (for example, fiber-enriched wheat as an ingredient in low-carbohydrate foods) are requiring adjustments in the marketing system in order to preserve their added value or prevent accidental commingling with standard grains.
Keywords: Identity preservation, production differentiation, specialty grain, corn, soybeans, wheat, segregation cost, traceability, quality assurance
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