Australian Wheat Crop Could Hit 23.2 MMT - Bank

The Australian wheat crop could reach 23.2 MMT in the coming season, according to the National Australia Bank.

Early season rains appear to have got the newly planted crop off to a great start, although final output will depend heavily on weather conditions between now and harvest.

Ocean conditions in the Pacific Basin remain at El Niño levels, say the Australian Bureau of Meteorology. Should they persist at such levels through the remainder of the southern winter and into spring, as predicted by the world's leading climate models, 2009 will be considered an El Niño year, they warn.

You can read the Bureau's full report here: El Niño