Australia’s Wheat Outlook Shows Little Improvement Despite Rain

Australia remains on track for a smaller wheat crop this season despite better rainfall in key growing regions, a blow to buyers such as China which may need more imports following a lengthy drought.

Rainfall across the biggest wheat-growing state of Western Australia has turned dusty fields into lush crops, said Agronomist Michael Lamond, who compiles the industry’s monthly grain outlook. Still, a lack of soil moisture means farmers may struggle to meet a production forecast for this season, he added.