Grain brokers like Rowan Relton are people who deal with the buying and trading of grain. They provide grain manufacturers and grain buyers with specialized services to help buy and sell commodities, working to acquire the best deal for all parties involved. And also to help their clients understand marketing and risk management better, so that they can remain profitable. A grain broker, along with the knowledge of commodities, needs to have a sense of intuition, which is the ability to predict market trends to some measure. A broker who is unable to think ahead will end up with unsatisfied clients. However, even with the most experienced of grain brokers, predicting trends is something that cannot be done with confidence.
History
Grain brokers tend to work at local markets as well as at larger commodity exchange; these are often situated near railway hubs in urban areas and make trade easier. The farmer approaches the broker who in turn takes a sample of the farmer’s grain says Rowan Relton. The grain is examined for quality and stored in the brokerage. The broker then seeks clients who will be willing to buy that grain, provides them with the sample of the grain, negotiates prices and offers up arrangements and deals which will be agreeable to both parties.
