4/30/2015

Australian wheat season helped by rain, but El Nino looms

Heavy rain across Australia's east and west coasts has buoyed prospects for the 2015/16 wheat crop, but the threat of an El Nino looms large. Farmers are busy sowing a crop that is expected to be nearly 25 million tonnes, and the heavy rain will boost prospects after dry weather in recent months reduced soil moisture. Output in the season that ends in June 2015 was 23.61 million tonnes.