Welcome to Glencore Grain
Glencore Grain, a subsidiary of Glencore Xstrata plc, has been operating in Australia for more than 10 years.
Glencore Grain is one of the largest buyers of wheat, barley, oilseeds, pulses, meals and cotton direct from Australian growers, with accumulation offices located across five key growing states; Western Australia, South Australia, Victoria, New South Wales and Queensland.
Glencore Grain has one of the world’s leading marketing and logistics networks for Australia’s commodities. Our strong relationship with growers allows us to effectively service domestic and international end-use customers.
Glencore Grain offers a range of flexible and simple marketing options to growers, including cash contracts, forward contracts and pools. Our financial strength, together with our global marketing and logistics network, ensures that growers can feel confident marketing with Glencore Grain.
In southern Australia, our wholly owned subsidiary, Viterra, provides the storage and handling network spanning key growing regions. This well established network has been serving customers for more than 50 years.
Wheat futures rose, capping the biggest two-day gain in 21 months, after freezing weather damaged winter crops in the U.S. Great Plains.
Wheat fell for a second day after the U.S. Department of Agriculture said stockpiles in the U.S., the biggest exporter, will be larger than previously estimated, boosting global supply. Soybeans retreated from a 10-month high.
What's the best bet for commodity bulls mulling how to exploit the El Nino which looks an increasingly likelihood this year?
Soybean futures rose temporarily back above $15 a bushel for the first time in eight months after the US cut hopes for domestic supplies to the tightest on record, in a report which also offered some support to corn prices.
It is not just hard red winter wheat which has suffered during the unusually cold US winter, but soft and white varieties too, according to official data which revealed that crops deteriorated further than most investors expected.
The condition of US winter wheat deteriorated further, reports from major growing states revealed, as investors await a delayed first national rating of 2014, with early data showing a slow start to corn sowings too.
This material was not prepared by or on behalf of Glencore Grain and is provided as an information service only. It should not be construed as an endorsement of any associated organisation, product or service nor construed as the opinion of Glencore Grain. Although care has been taken to provide suitable material from the source of the material, no guarantee can be given about the suitability, completeness or accuracy of any of the material. Glencore Grain does not accept any responsibility for the content of the material.