More grain for Australia?

In Australia, local analysts remain optimistic about the current wheat harvest. In its latest assessment, the Grain Producers Association expects around 10.82 million tons of wheat to be produced. The forecast for the barley harvest was also raised by 0.56 million tons to 5.09 million tons. The Australian government expects wheat production of 31.9 million tons this year, which is 5.9 million tons higher than last year's result.