Australian Wheat Futures Down 9% In A Week
Australian wheat futures have closed with most active month January at A$342, around 9% lower on the week as widespread rains are forecast to bring relief for Australian grain farmers this weekend.
NSW is expected to get falls of around 10 to 20mm. The rain follows a long dry spell with many western parts of the state likely to receive their heaviest rain in at least three months.
Rain is also forecast to spread over Victoria this weekend according, bringing a wet finish to another dry winter.
NSW is expected to get falls of around 10 to 20mm. The rain follows a long dry spell with many western parts of the state likely to receive their heaviest rain in at least three months.
Rain is also forecast to spread over Victoria this weekend according, bringing a wet finish to another dry winter.
