Australian Wheat Lower Monday

Australian wheat futures closed lower Monday with most active ASX January A$4 lower at A$325/tonne.

A sharply weaker CBOT close set the bearish tone which was added to by a weaker USD and rain in Southern Australia.

A deep trough brought welcome spring rain to South Australian farmers Saturday.

Falls of three to five millimetres were recorded across most districts in the 24hrs to 9am, with the top fall recorded six millimetres at Streaky bay in the West Agricultural District. In North Agricultural four millimetres was recorded at Two Wells which is their heaviest September fall for two years.

Heavier falls were recorded across the state today with Minlaton on the Yorke Peninsula receiving 21 millimetres, their heaviest fall in ten months. Rosedale recorded the next heaviest fall, receiving 11 millimetres in the six hours to 3pm.

Wind and showers will increase over southeastern Australia later this week as a series of intense fronts approaches the region, according to

An active area of cold air in the upper atmosphere, known as a long wave trough, is moving towards the Great Australian Bight from the west. This will result in strengthened cold fronts and low pressure systems over the Australian longitudes for the next fortnight.

The unsettled weather will begin across South Australia on Wednesday, where a trough of low pressure will trigger patchy rain and isolated storms. This instability will then spread to NSW and Victoria later in the week, bringing falls of up to 10mm in some areas. The first storms of the season are likely in many areas.