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Bumper crop looking doubtful
15 May 2008
NSW based Graincorp says that rains are needed urgently in order to sow crops if the forecast of a 26 million tonne wheat crop is to be achieved this year. "With the sowing window well upon us, weather is very much driving the market domestically," the company said. In Western Australia, rain across much of the state's wheat belt has boosted forecasts for the state's crop according to Rabobank. However Rabobank also rang the alarm bell for NSW and Victoria where there has been little or no relief from the dry conditions.
The Australian, 15/5/2008
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