Grain Report Tuesday- 4th November
- Clear Grain Exchange
- Nov 4
- 2 min read
What price do you want for your grain?
Australia’s independent grain report—designed to help support your pricing decisions before the market opens at 10:00am AEST. If you need to change your offer price, simply edit it before market open.
Grain markets rose on hopes of renewed Chinese buying.
Support also came from reports China was interested in buying US wheat with a major Chinese grain importer making inquiries for US wheat for loading between December and February. China’s interest in US wheat comes as its total wheat imports have dropped to less than one-third of last year’s volume in the first nine months of 2025. The decline reflects Beijing’s efforts to stabilize domestic prices amid sluggish demand and abundant local supplies.
The international market is trying to rally but it feels a bit like turning the titanic with markets battling record crops and mounting stocks. You would expect any significant rally to be met with selling. Chinese wheat purchases would be significant for global wheat values, considering wheat has the tightest balance sheet of all the grains and is our best hope of sparking some sort of rally in the absence of any production threats.
In local markets prices were flat to firmer except for canola which lost $4-8/t with heaviest losses on GM, presumably on local farmer selling as international future values in $A terms have been steady. With the QLD harvest winding down, some end user demand has emerged which has seen delivered wheat and barley prices firm $5-10/t with the better gains on barley putting these at $325-330/t Downs for wheat and $295-300/t on barley. A bid has emerged for faba beans in the north pushing values up $20/t to $320/t nth NSW and $370/t Downs with inquiry from domestic feed sector and some export interest out of Brisbane for November prior to southern harvest.
BOM rain for most cropping areas over the next week, could shake out some end user shorts in south-eastern delivered markets.
Valiant King for me in the cup. I’ve also been tipped r4 #9 Bold Secret at Flemington – stable mail if it's raining and you are having a day on the punt.
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