The experts ' forecasts ranged from 26.7 million tons to 31 million tons. The average estimate of 28 million tons - close to the record. This season, Australian farmers harvested 24.19 million tons of wheat.
USDA expects that the gross yield of Australian wheat will increase to 26.5 million tons.
Weather during the vegetation period was perfect. Excess precipitation in some areas of New South Wales led to the flooding of fields, which can have a negative impact on the wheat quality and yield. However, some experts believe that excess moisture will not have a negative impact on yield, if the harvest period the weather is dry. The harvesting campaign in Australia will begin in October.
A good harvest in Australia will be an additional factor putting pressure on global prices.
Translated by service "Yandex.Translation"
