The Future is Equal

Cereal Secrets: The world’s largest grain traders and global agriculture

Did you know that 90 per cent of the global grain trade is controlled by just four companies? Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus – collectively referred to as “the ABCD companies” – are central to the modern agri-food system. This report considers the ABCDs in relation to several global issues pressing on agriculture: the “financialization” of both commodity trade and agricultural production; the emergence of global competitors to the ABCDs, in particular from Asia; and some of the implications of large-scale industrial biofuels.