Australia: Grain and Feed Update

Australia is set for a second consecutive bumper grain crop following two years of drought. For wheat and barley, during the fall planting period and winter and early spring growing period, rainfall has overall been very good across the growing regions. With harvest now commenced in the most northern winter crop producing regions, crops are now set up to achieve well above average yields. The large crops will allow for a second season of very robust exports, especially as global grain demand is expected to remain high. For the summer crops, sorghum production in MY 2021/22 is forecast to rise by seven percent and rice is forecast for a 75-percent boost in production. The good rains to date have enabled irrigation water storages to recover strongly and established above average soil moisture profiles at the point of planting and are supported by an above average rainfall forecast.