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When Americans go to the ball park to watch the World Series, we eat hot dogs. It's a tradition. It is also representative of a developed economy to eat lots of protein.
China is a developing economy with 22% of the world's population. And 1.3 billion Chinese people are developing an appetite for more protein, just as the people of almost all industrialized countries have. To make meat, you need grain. What China doesn't have is a lot of land and water for growing grain.
China will need to import huge amounts of grain to satisfy the steadily rising demand. Worldwide grain inventories are currently at low levels. To satisfy demand, grain producers will have to go into overdrive.
Archer Daniels Midland Co. (NYSE: ADM) is engaged in procuring, transporting, storing, processing and merchandising agricultural commodities. A large portion of their business comes from their grain storage and transportation network. Without ADM, the Chinese will not be able to enjoy a dog at the park.
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