GFM Network News

Australia wheat quality slumps in bittersweet harvest

(Reuters) — Up to half of Australia’s current wheat harvest could be downgraded to animal feed or low-grade milling grain, raising concerns for a severe global shortage of higher-quality wheat and marring the nation’s biggest crop in eight years. Crop analysts and farmers told Reuters that up to 50 per cent of the 2010-11 crop […] Read more

Australian Farmers Consider More Wheat

Reading Time: 2 minutes Australian farmers are expected to make only a modest expansion in wheat plantings this year, despite good recent rains, as weak global prices persuade them to hedge their bets and plant more canola as well. Wheat farmers are due to start sowing fields late this month, before harvesting the crops between October and late January. […] Read more

Australian Wheat Area Seen Down

Reading Time: < 1 minute Australia could harvest nearly seven per cent less of the grain in 2010-11 than the previous season, analysts said Mar. 4, making their first estimates for the year. “We expect Australian wheat area to fall by five per cent in 2010 and production to decline by 1.5 million to 20 million tonnes, said Luke Mathews, […] Read more

Heat And Frost Bookend Aussie Wheat Crop

Reading Time: < 1 minute The prospect of a better-than-expected Australian wheat crop appears to have faded after extreme weather in grain-growing regions over the weekend of Oct. 17-18. Grains analysts said frosts in the east of the country and a heat wave in the west could make it difficult to see the 2009/10 harvest, only just begun, to hit […] Read more

Australia’s AWB Seeks Grains Partner For Global Scale

Reading Time: 2 minutes Australia’s AWB Ltd. formerly the Australian Wheat Board, is talking to a major global commodities firm to team up on selling grains globally as the one-time monopoly wheat exporter scrambles to retain market share. The end of Australia’s decades-old one-seller wheat business in July last year set off a scramble for access to supplies, silos […] Read more

Aussies Running Short Of Exportable Wheat

Reading Time: 2 minutes Stocks of old crop wheat in Australia are becoming tight following a brisk export program that has seen Iran and Iraq become big buyers of Australian wheat, the country’s largest grain bulk handler said on June 16. CBH, the farmer-owned group that handles most of the wheat in Western Australia, the country’s top exporting state, […] Read more

Australian Rail Network Needs Investment

Reading Time: 3 minutes Australia risks losing wheat sales to competitors if it cannot upgrade port and rail infrastructure fast enough and remove bottlenecks that have hurt exports following the country’s best harvest in four years. Silos in the world’s fourth-largest wheat exporter are brimming with grain after the breaking of a once-in-a-lifetime drought, but inefficient ports and snail-pace […] Read more

Australian wheat crop almost out of woods

Reading Time: < 1 minute Australia’s wheat crop, initially forecast to be near its biggest ever, is nearly out of the woods after a series of downgrades due to poor rains and recent hot weather, removing one element of uncertainty for global markets. At an estimated 20 million tonnes, the 2009/09 wheat crop will still rank among the best in […] Read more