USDA lowered its 2012-13 Australian wheat forecast by 3.0 MMT from last month to 23.0 MMT, noting "variable" growing conditions so far this growing season.
"Since major sowing operations commenced in May, periods of dryness have plagued the Australia wheat producing states at varying times. Yield is marginally forecast above the five-year average. Nationwide, the wheat crop faces mixed prospects heading into spring, reflecting below-average September winter rainfall and soil moisture conditions," notes USDA. "Overall, seasonal conditions have been variable across the major cropping regions of Australia; and wheat production is forecast to be lower than the record harvest of last season, reflecting dry conditions in Western Australia and parts of south-eastern Australia."
Other USDA highlights:
- Russia Wheat: Harvest Reports Suggest Remarkably Low Spring Wheat Harvest
- United Kingdom Wheat: Production Estimate Down Due to Persistent Rainfall
- Canada Barley: Production Revised Downward
- Australia Barley: Variable Growing Conditions Lower Production
- Canada Rapeseed: Production Revised Downward
- European Union Corn: Production Estimate Drops for the Third Consecutive Month
- China Cotton: Lower Area but Record Yield Expected in 2012-13