The early wheat harvest in Australia, the world’s second largest exporter, is showing lower protein scales and poor yields, analysts and traders said, heightening concerns over global grain supplies as shipments from top exporters dwindle. Farmers are finding lower-than-expected protein scales in New South Wales and Queensland, the states responsible for producing top quality hard
Australia’s early wheat harvest shows lower protein
El Niño less likely, but Aussie crops still affected
The chance of an El Niño weather pattern has declined in the last two weeks, the Australian Bureau of Meteorology said on Oct. 9, but the east coast of Australia is likely to stay dry for the rest of the year as a result of a warmer-than-average Indian Ocean, threatening greater crop loss. Pacific Ocean
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