Australia: Grain and Feed Update
Australian winter crops benefited from very favorable seasonal conditions, which boosted both production and yields. Post forecasts 2016/17 wheat production to reach 33 million MT, matching USDA’s official estimate, while the outlook for barley production is for a slight upgrade to 11 million MT due to improved production and yields in most growing regions. Lower international demand and prices for sorghum have contributed to a switch to other crops, including cotton and legumes. Post forecasts 2016/17 sorghum production at 1.5 million MT. The rice crop is expected to recover from 2015/16 due to abundant and lower cost water. Post forecasts rice production at 850,000 MT for 2016/17.
