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LA NINA TO HELP AUSTRALIA WHEAT CROP

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A return to a La Nina weather pattern would be good news for Australia’s grain crop, which is being sown now. Historically, about 35 to 40 per cent of El Nino events are followed by a La Nina within the same year. “Any rain before October is hugely beneficial to yields,” said Frank Drum, an agri-economist at National Australia Bank. Forecasts for Australia’s 2010/11 wheat crop range from 20.5 million to 22.5 million tonnes but will likely be raised due to soaking rains in the first week of June, that replenished drying fields in eastern Australia.

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