Wheat: frost damage in Western Australia

In the Western Australia, there was frost damage in the wheat, which should cost 15% of the local crop shortly before harvest. Announced today the largest cooperative of the continent the cooperative bulk handling (CBH) with.
CBH is the largest grain exporter in the Western Australia and it is estimated a 2016/17 between 13 and 14 million tonnes of exports for the season beginning in the near future. So far, it was from 15 to 17 million tons.
Wheat put out 60% of the grain harvest in Western of Australia which means that 7.8 to 8.4 million tons of wheat will be exported from there. The last official predictions still amounted to 10.5 million tons for Western Australia and 28.1 million tons for the whole country. That would be the second best result at all. If the forecast for the four largest wheat exporter in the world is now reduced, that could help the wheat prices on the futures exchanges continue to rise. There were the courses on a 10-year low in August.
The output of the Australian crop is still uncertain. Heavy rains in the East of the continent, in New South Wales, Victoria and Queensland, could reduce the grain qualities and lift also yields the official forecasts.
Most recently it was dry again but on the East Coast and decrease the quality concerns. Now, expect that many farmers will start as early as possible with the harvest even if the revenue costs. You remember the harvest 2010/11, as was harvested under very humid conditions and selling mostly feed quality could be. The exportable quantity was strongly limited at that time by the wetness.
The medium-term forecast of the Australia Bureau of meteorology expected above-average lot of rain with a probability of 40% in November and December.

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