Red Across the Board

Recent rainfall over Western Australia has improved the trajectory of the season for many farmers. On page four we delve into the impact on major WA cropping zones. Meanwhile global grains and oilseeds markets have declined. For wheat the decline was driven by a stabilisation of Russian wheat crop estimates, improved growing conditions elsewhere and the beginning of the northern hemisphere harvest. In canola, prices declined because of improving conditions in Canada and Western Australia, in addition to the approaching northern hemisphere harvest compounding on weakness in other oilseed markets.

 

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