Australia’s 2018-19 winter crop production is now estimated to be 23% lower than last year’s crop, and 20% below the 20-year-average due to unfavorable weather conditions in early spring.
Today’s data from South Africa’s Crop Estimates Committee (CEC) is important from both the summer and winter crops perspective.
As the winter wheat harvest neared its completion last week, industry eyes turned to the nascent spring wheat harvest, which was expected to kick off in earnest in mid- to late August.
The global wheat market has been in focus since Russia invaded Ukraine in February last year. Many countries feared that they would not meet domestic needs because of supply constraints brought by the war in one of the major producing regions.