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Australia: Wheat crop now forecast to be just 19mt

Posted on 22 October 2008

From Farmonline.com.au: Early last week Rabobank predicted an Australian wheat harvest of 20.5 million tonnes, the USDA pegged it at 21.5mt and Ron Storey of Australian Wheat Forecasters predicted the crop in a range of 20mt to 22mt. However, several other forecasters have now weighed in on the issue and are predicting lower numbers.

According to Mark Martin, risk management adviser and director at commodity manager MarketAg, national production won’t be more than 19mt, given poor crops in parts of southern New South Wales, Victoria and South Australia….. Full Article: Source


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VRS - who has written 36151 posts on Opalesque Commodities Briefing.


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