Australian farmers are forecast to grow slightly more canola and barley this year, while wheat production may dip, according to the latest estimates from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

Canola 34 per cent above 10-year average
Expected to drop passed last year’s lows
Mixed projections for other cereals, oilseed, pulses
Feed barley prices may continue to decline
Winter wheat gives better bird nesting habitat, improving biodiversity, and may cost farmers less in seed than typically thought
Durum prices stay put
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Losses in U.S. futures weigh
Western Canadian grains hold price advantage