National Australia Bank Cuts Wheat Crop Estimate
The National Australia Bank has cut it's wheat crop estimate by 2 MMT to 21 MMT, citing frost damage in September followed by a more recent heatwave.
Extreme heat in November, and recent heavy rains also look like affecting quality as well as quantity this year.
Torrential rain in eastern Victoria to central NSW yesterday will have stalled harvest progress for a few days. Meanwhile a Severe Thunderstorm Warning is currently in place for much of southern SA, with potential for damaging wind gusts and large hail, forecasters say.
Extreme heat in November, and recent heavy rains also look like affecting quality as well as quantity this year.
Torrential rain in eastern Victoria to central NSW yesterday will have stalled harvest progress for a few days. Meanwhile a Severe Thunderstorm Warning is currently in place for much of southern SA, with potential for damaging wind gusts and large hail, forecasters say.
