Excerpt from Callum Downs
Commodity Newsletter from Australia:
QUOTE
"Australian Wheat Acreage We are expecting a large lift in wheat acreage this year, with production possibly hitting a record 27 million tonnes.
At a meeting in Adelaide last week, Dick Warburton, Chairman of Tandou Ltd, indicated that they would be growing irrigated wheat this year, not
cotton.
I have also heard that Cubby Station is going to move more acres to wheat at the expense of cotton.
I think at the margins we are going to see a lot of acres move to wheat from other crops where possible. So, we
should at least have a big acreage planted to wheat. It then just needs to rain to give us the production to match the acreage." UNQUOTE
Commodity Newsletter from Australia:
QUOTE
"Australian Wheat Acreage We are expecting a large lift in wheat acreage this year, with production possibly hitting a record 27 million tonnes.
At a meeting in Adelaide last week, Dick Warburton, Chairman of Tandou Ltd, indicated that they would be growing irrigated wheat this year, not
cotton.
I have also heard that Cubby Station is going to move more acres to wheat at the expense of cotton.
I think at the margins we are going to see a lot of acres move to wheat from other crops where possible. So, we
should at least have a big acreage planted to wheat. It then just needs to rain to give us the production to match the acreage." UNQUOTE
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