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Australia exported tonnes of 579,589 tonnes of wheat, including 1969t of durum in November, according to the latest data from the Australian Bureau of Statistics. The figure is down 49 percent from the 1,126,926t shipped in November 2023, with big pulse programs out of ports from Mackay in Queensland to Newcastle in New South Wales,

Wheat quotations on global exchanges are falling ahead of the January USDA report, which may raise the harvest forecast in Australia and the ending stocks estimate. In addition, the forecast of wheat production for Argentina, where 95% of the crops have already been threshed, should be adjusted. Today is a day off in the United

This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025. Australia is poised see a year-over-year jump in wheat production in the 2024-25 marketing year (October-September) following excellent weather on the East Coast and improved showers across Western Australia. Market participants estimate a 4 million mt increase year over year for the wheat crop to top 30 million mt. Australian Bureau of Agricultural and Resource Economics has pegged Australia’s wheat production in MY 2024-25 at 31.9 million mt, up 23% year over year. However, concerns remain over quality downgrades as heavy rainfall in late November delayed harvest and impacted parameters such as test weight. “The situation isn’t as bad in Western Australia, but the East Coast got pretty big rain events [in late November],” a trade source based in Australia said. “At the time of the rain interruptions, we estimated there was still 5-6 million mt of g