Australia expects above average rainfall for three months

To the delight of local farmers, damp weather is forecast for large parts of Australia over the next three months.
The Australian Bureau of Meteorology announced this morning that the chance of above-average rainfall between June 1 and September 30 is 80%. This would improve soil moisture on the recently cultivated wheat fields and end the phase of a three-year drought.
Wheat yields are expected by experts to be 40% higher than last year. This would further burden wheat prices on the world's futures markets, which are already reaching a two-month low because the world's supply is already very abundant.
Wheat from Australia is the most lucrative export commodity from the continent's rural areas. Exports reach a value of around USD 35 billion pa. In the past three dry years, when exports were limited by smaller harvests, other surplus regions of the world such as Russia, Australia's regular customers, Indonesia or Japan, were able to supply wheat.