Western Australia Wheat 'Not Looking Good At All'

An interesting article on Bloomberg here today says that wheat output in Australia's largest producing and exporting state is under threat from lack of rainfall this year.

State capital Perth is set to record the second driest June in it's history, it says. Wheat production may fall nearly 19% from last year, and almost 27% on the year before to around 6.5 MMT, it adds.