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 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.
Soybean futures rose from a 45-month low on concern that some areas will face adverse weather in the U.S., the world's largest grower. Corn and wheat climbed.
For the first time in 47 years of farming, Giles Norek got 10 inches (25 centimeters) of rain within 48 hours on his Saskatchewan crops. Half of his 12,000 wheat acres were flooded by the late-June deluge, and the plants that weren't killed are struggling to survive.
The condition of the US cotton crop deteriorated for a second successive week, undermined by the extent of rainfall and cool temperatures which, while favourable for corn and soybeans, are proving excessive for plantings of the fibre.
Wheat advanced, extending a rebound from a four-year low, as some investors ended bets on losses that were spurred by forecasts for surging global supplies.
Glencore Grain is offering growers 12 days end of week payment terms for all grain sold from approved bulk
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.