USDA attache sees improving weather for Australian wheat crop
July 25 (Reuters) - Following are selected highlights from a report issued on Friday by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service post in Canberra:
"After a challenging start to the winter crop season in the southern production regions — due to low soil moisture and below-average rainfall — widespread rain in the first two weeks of July has improved conditions. Combined with a favorable rainfall outlook for the months ahead, above-average wheat and barley production is forecast. FAS/Canberra projects a rise in wheat exports in MY (marketing year) 2025/26, following weaker-than-expected shipments during the first eight months of MY 2024/25. Higher ending stocks for MY 2024/25 will boost wheat available for export for the forecast year. In contrast, barley exports are forecast to decline in MY 2025/26 due to strong export volumes so far in MY 2024/25, tightening supply for the forecast year."
To read the full report, click: https://tinyurl.com/hhdpzn2y
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