ABARE predicts the Aussie wheat harvest at 12.1 million tonnes down from 15.5 million tonnes forecast in
its September 18 outlook report. Barley production is now estimated at
five million tonnes, down from an estimate of 5.9 million tonnes in the
last report. The canola crop is estimated at 900,000 tonnes, down from 1.1 million tonnes.
The impact of these reductions on the market, in the short term, will depend on whether private forecasters - the trade - had anticipated these reductions.
its September 18 outlook report. Barley production is now estimated at
five million tonnes, down from an estimate of 5.9 million tonnes in the
last report. The canola crop is estimated at 900,000 tonnes, down from 1.1 million tonnes.
The impact of these reductions on the market, in the short term, will depend on whether private forecasters - the trade - had anticipated these reductions.