Welcome to Glencore Grain
Glencore Grain, a subsidiary of Glencore, 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 and forward contracts. 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.
Corn futures fell to a five-year low as farmers started harvesting the largest-ever crop in the U.S., the world's top grower, reducing costs for livestock producers and grain processors.
Soybean futures fell to a four-year low as favorable weather aids farmers in gathering a crop forecast at the largest ever in the U.S., the world's top grower. Corn and wheat declined.
Wheat futures rose the most in two weeks on speculation that grain demand will rebound after prices this week touched the lowest in 50 months.
It was just like old times.
Bulls held the whip hand on Wednesday in both soft commodity and grain markets. And this despite strength in the dollar, which set a fresh four-year high against a basket of currencies.
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.