Grain is the most traded food commodity in the world. The International Grains Council forecast in August 2026
that world grains trade would reach 451 million tonnes in 2026/27, on production of 2.415 billion tonnes. Most of that seaborne trade passes through a small number of companies that own the elevators, export terminals, crush plants and ships between the farm and the flour mill.
This guide profiles ten grain trading companies that matter most to farmers, cooperatives, millers, feed producers and importers, using the latest figures each company or a credible market source has published. It is a working map of who controls origination and export in the main grain belts, not a formal ranking.
How Grain Trading Works
Grain traders make thin margins on very large volumes. Their edge comes from controlling the physical chain at the points where grain is aggregated, stored and loaded, then hedging price risk on exchanges such as CBOT, Euronext and Dalian.
Country origination
Buying from farmers and cooperatives through inland elevators, often with forward contracts and input credit that tie supply to the trader season after season.
Storage and export
Holding grain in silos and loading it through deep water terminals on the US Gulf, the Black Sea, Brazil, Argentina and Australia. Stored grain is funded through inventory financing
and warehouse receipts.
Processing
Crushing soybeans and rapeseed into meal and oil, milling wheat and producing feed and ethanol. Processing margins often matter more to the large houses than trading margins.
Destination marketing
Selling to millers, feed compounders and state buyers in importing countries, usually under GAFTA
contracts and paid by documentary letters of credit.
The ABCD Houses
ADM, Bunge, Cargill and Louis Dreyfus Company have dominated grain and oilseed trading for decades. For a view across all soft commodities, see our top 10 agro commodities trading companies, and for energy and metals traders too, our list of the top 20 commodity trading companies in the world.
1. Cargill
Cargill
is the largest privately held agribusiness in the world and a leading originator and exporter of wheat, corn and soybeans across the Americas, Europe and Australia. World Grain reported in August 2026
that Cargill's revenue reached USD 164 billion in fiscal 2026, up from USD 154 billion a year earlier.
Why it matters to counterparties.
Cargill's elevator, terminal and ocean freight network lets it originate in one hemisphere and deliver in the other, which makes it a dependable term supplier for millers and feed producers in import markets.
2. ADM
ADM
runs one of the largest grain origination and export networks in North and South America, feeding its oilseed crush, corn processing and ingredients businesses. Its full year 2025 results
show revenue of USD 80.3 billion.
Why it matters to counterparties.
ADM is both a major buyer of farmer grain and a supplier of processed meal, oil and corn products, so it often sits on both sides of a regional supply chain.
3. Bunge
Bunge
is a leading oilseed processor that became a far larger grain trader after combining with Viterra, the former Glencore Agriculture, in 2025. Its 2025 results
show net sales of USD 70.3 billion, up from USD 53.1 billion in 2024.
Why it matters to counterparties.
The combination added Viterra's grain handling in Canada, Australia, Argentina and the Black Sea, so producers in those origins now deal with an enlarged Bunge rather than two separate buyers.
4. Louis Dreyfus Company
Louis Dreyfus Company
trades and processes grains, oilseeds, rice, coffee, cotton, sugar and juice. It reported 2025 net sales
of USD 53.2 billion, with volumes up 10.6 percent on the prior year.
Why it matters to counterparties.
LDC is strong in South American and Black Sea grains and is a frequent supplier to state buyers in the Middle East, North Africa and Asia.
State Backed and Asian Traders
Importing countries have built their own trading platforms to secure food supply. Their purchasing decisions now move global prices as much as the ABCD houses do.
5. COFCO International
COFCO International
is the overseas trading arm of China's state food group and one of the largest buyers of Brazilian soybeans and corn. Reuters reported in June 2026
that its 2025 revenue was USD 34.5 billion on third party sales of 100.4 million tonnes.
Why it matters to counterparties.
COFCO International owns port terminals in Brazil and Argentina and sells straight into Chinese demand. Exporters on the Brazil to China soybean corridor
will meet it on most large cargoes.
6. Olam Agri
Olam Agri
trades and processes grains, oilseeds, edible oils, rice and cotton across more than 30 countries, with a strong presence in Africa and Asia. In May 2026, Saudi Arabia's SALIC raised its stake to 80.01 percent
in a USD 1.88 billion deal.
Why it matters to counterparties.
Olam Agri is a major wheat miller and rice trader in West Africa. Under SALIC control it is likely to play a larger role in Gulf food security purchasing, so counterparties should update KYC for the new ownership.
7. Zen-Noh Grain
Zen-Noh Grain
is the US arm of Japan's National Federation of Agricultural Cooperative Associations. It operates a large export elevator at Convent, Louisiana, and in 2020 acquired 35 Mississippi River grain elevators from Bunge
to secure origination.
Why it matters to counterparties.
Zen-Noh Grain buys US corn and soybeans primarily to supply Japanese feed and food users, making it a steady US Gulf exporter with a clear destination book.
Origin Specialists and Cooperatives
These firms are dominant in one origin rather than global. For producers and buyers in their regions, they are often the most important counterparty.
8. CHS
CHS
is the largest farmer owned cooperative in the United States and markets corn, soybeans and wheat from its members to customers in 65 countries. Its fiscal 2026 third quarter release
reports fiscal 2025 revenue of USD 35.5 billion.
Why it matters to counterparties.
CHS gives buyers access to US Pacific Northwest and Gulf export capacity backed by direct relationships with farmer members.
9. Kernel
Kernel
is Ukraine's largest grain exporter and sunflower oil producer, with its own farmland, elevators and Black Sea export terminals. It reported grain exports of 6.3 million tonnes
in the fiscal year to June 2026, up 15 percent, with terminal throughput of 9.6 million tonnes.
Why it matters to counterparties.
Kernel is the most direct route to Ukrainian wheat, corn and barley at scale. Buyers should price in war risk insurance and logistics disruption on Black Sea routes.
10. GrainCorp
GrainCorp
runs the main grain storage and port network across eastern Australia. World Grain reported
that its agribusiness unit handled 31.6 million tonnes and exported 7 million tonnes in the year to September 2025.
Why it matters to counterparties.
GrainCorp is a key supplier of Australian wheat and barley into Asia, and its port access matters to any trader originating on the east coast.
Side by Side Comparison
Figures are the latest each company or a credible source has published. They mix revenue and volumes, so they are not directly comparable.
| Company |
Main origins |
Latest disclosed metric |
| Cargill |
Americas, Europe, Australia |
USD 164bn revenue, FY2026 |
| ADM |
North and South America |
USD 80.3bn revenue, 2025 |
| Bunge |
Americas, Canada, Australia, Black Sea |
USD 70.3bn net sales, 2025 |
| Louis Dreyfus Company |
South America, Black Sea |
USD 53.2bn net sales, 2025 |
| COFCO International |
Brazil, Argentina, Black Sea |
100.4 Mt third party sales, 2025 |
| Olam Agri |
Africa, Asia, Americas |
80.01% owned by SALIC, 2026 |
| Zen-Noh Grain |
US Gulf |
Not publicly disclosed |
| CHS |
US |
USD 35.5bn revenue, FY2025 |
| Kernel |
Ukraine |
6.3 Mt grain exports, FY2026 |
| GrainCorp |
Eastern Australia |
7 Mt exports, FY2025 |
Discounted wheat, corn and soybean offers are a common scam.
Unsolicited offers for "Ukrainian wheat" or "Brazilian soybeans" at prices well below the market, sold through broker chains and asking for an ICPO, a proof of funds or an upfront inspection fee, rarely involve real grain. Genuine sellers trade under GAFTA terms, name the load port and vessel, and accept verifiable payment such as a letter of credit. Russian origin cargoes also carry sanctions and payment risk that many banks will not finance.
Financing Grain Flows
Pre export finance for producers and cooperatives.
Farmers and cooperatives can raise working capital against future harvests, secured on export contracts with the houses above. Our guide to prepayment facilities
explains how lenders structure these.
Borrowing base lines for traders.
Mid sized grain traders typically fund inventory and receivables through borrowing base facilities
sized against eligible stock and hedged positions.
Import finance for millers and feed producers.
Importers in Africa, the Middle East and Asia often need structured commodity finance
or a confirmed letter of credit to buy from a top tier trader on acceptable terms.
Lenders respond when the transaction file shows a credible counterparty, clear collateral and hedged price risk. Our guide on how lenders underwrite trade finance
sets out what they check.
Finance Grain Exports, Imports and Inventory
Financely works with grain producers, cooperatives, traders and importers that need pre export finance, letters of credit and borrowing base facilities anchored in real physical flows. We prepare the lender ready file and place it with banks and private credit funds from our network of more than 12,700 verified lenders.
Already hold an offtake contract with one of the companies above? That contract is often the strongest asset in your file, and asset based lending
or receivables structures can be built around it.
Frequently Asked Questions
Who are the largest grain trading companies in the world?
The largest are the ABCD houses (ADM, Bunge, Cargill and Louis Dreyfus Company), followed by COFCO International and Olam Agri. Regional leaders include CHS and Zen-Noh Grain in the United States, Kernel in Ukraine and GrainCorp in Australia.
How much grain is traded internationally each year?
The International Grains Council forecast in August 2026 that world grains trade would reach 451 million tonnes in 2026/27, a decline of about 3.5 percent on the prior season.
What contracts are used in international grain trade?
Most international grain is sold under GAFTA standard contracts, which set terms for quality, weights, delivery, payment and arbitration. Payment is commonly by documentary letter of credit or cash against documents.
How do grain traders hedge price risk?
They hedge physical positions with futures and options on exchanges such as CBOT in Chicago, Euronext in Paris and the Dalian Commodity Exchange, and manage basis risk through their origination and export networks.