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Customer Base

The single largest customer base for both the world trade market and the U.S. domestic market are the 2,505 active members of the Chicago Board of Trade.

The Chicago Board of Trade members purchase 100% of the products sold into the U.S. domestic market. The following table summarizes the Chicago Board share of the world trade market for each of the major soybean products in 2000.

Table 12

Chicago Board of Trade (CBOT) Share of World Trade Market 2000

Soybean Product

World Trade Market
Million Metric Tons
CBOT Buyers
Million Metric Tons
Percentage of World 
Trade Market Shares

Soybeans

33.00

21.70

65.7%

Soy Meal

30.63

  5.26

17.2%

Soybean Oil

  6.90

  1.33

19.2%

Total

70.50

29.29

40.1%

As indicated above, Chicago Board of Trade buyers purchased 40% of the soybeans sold in the world. The following table summarizes the principal world trade customers on the Chicago Board of Trade by value in 2000:

Table 13

Chicago Board of Trade (CBOT) & World Trade Market Customers of Soybeans and Soybean Products 1994

Customer

Purchases
(Millions of Dollars)
Percentage of CBOT
World Trade Customers

European Union

$2,169

39%

Japan

  1,223

22%

Taiwan

    556

10%

Mexico

    723

13%

South Korea

    278

  5%

Other

  1,116

11%

Total

$5,560

100%

 

 

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Copyright © 2001 Good Grains International Inc, South Africa
Last modified: September 30, 2003