SYDNEY (Commodity Online): In the past few days, rain gods have blessed Australia Wheat crops with some much needed showers even as Argentina is lacking the same.
The Kagaroos are looking forward to reap 24 million tons, down from 26.3 million tons for the last crop year spanning October 2010 and September 2011. But the quality of those crops was a tad low when compared to the intended harvest. The excessive wet season flourishes had spoiled the past crop in Australia.
In Argentina, as on Friday, people are looking forward to more rains. The nation is yet to come up with production forecast for the season. But according to USDA, may see output falling to 13.5 million tons from 15 million tons last season.
"Rains were registered during the week in Pigue and these were very helpful in terms of maintaining good conditions for the early development of crops," an Argentine agriculture ministry report said, referring to a district in southwestern Buenos Aires province: reported Reuters.
Despite the rains descending last week, dryness has started to set in in southern parts of the Argentine province and in Cordoba, the country’s No. 2 Wheat producing region.
The healthy development of crops hinges on rains and may can deemed crucial for one of the biggest exporters of wheat.
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