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Procurement - commodity forecasting - Corn Report

Written report about Corn;

1) commodity specification - C0rn - what is corn....etc
2) what is the purpose of corn / what can it use for
3) where does it growth - name the major countries, estimate volume produce each year/respective country
4) who is the major exporter
5) who is the major importer
6) what is the unit of mearsurement in commodity market
7) what are the things that will impact the price
8) what are the complexity factors that contribute price fluctuation
9) details current spot price, quotation source

Referencing - please use Chicaco referencing style

Solution Preview

What is corn?

A tall annual cereal grass (Zea mays) originally domesticated in Mexico and widely grown for its large elongated ears of starchy seeds ?called also Indian corn, maize b : the typically yellow or whitish seeds of corn used especially as food for humans and livestock (http://www.merriam-webster.com/dictionary/corn)

What is the purpose of corn / what can it use for:

Corn can be grown for a variety of purposes, only some of which have to do with food for humans or animals. As the price of gasoline and related products rises, corn is increasingly being grown to supply the raw material for several types of fuel as alternatives to fossil fuels. These fuels can be derived from corn in several different ways. (http://www.ehow.com/about_5428033_information-corn-used-fuel.html#ixzz18RuiEok0)

Where does it growth - name the major countries, estimate volume produce each year/respective country
Rank Country Production (1000 MT)
1 United States
318,522.00
2 China
168,000.00
3 EU-27
55,193.00
4 Brazil
51,000.00
5 Argentina
25,000.00 ...

Solution Summary

Procurement and commodity forecasting for Corn Report is examined.

$2.19