The U.S. Cash Grain Trade: Participants, Transactions, and Information Sources, 1974

Richard G. Heifner, James L. Driscoll, John W. Helmuth, Mack N. Leath, Floyd F. Niernberger and Bruce H. Wright

No 307669, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: The commercial cash grain market in the United States is dispersed; most sales are made to buyers located away from the traditional terminals. The market primarily involves contracts for deferred delivery entered verbally by telephone and followed by written confirmation. The typical country elevator sells to only a few buyers. It relies upon telephone contact with them along with radio and teletype reports of futures prices, as sources of information for pricing decisions. Much of the basic information needed by traders is assembled in USDA's Grain Market News and distributed to users through commercial commodity news services.

Keywords: Crop Production/Industries; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 76
Date: 1977-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307669

DOI: 10.22004/ag.econ.307669

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