Favorable Weather Allows Start of Aussie Wheat Harvest

Early indications are of high quality and quantity.

Hot and dry weather last week helped Australia get underway with wheat harvest in central, western and northern parts of New South Wales.

"The weather has been very conducive over the past week, and the hot and dry late spring in Southern NSW and Southern Victoria means that this time, the harvest is actually moving south to north, contrary to normal," said Brett Stevenson, grain marketing manager at Market Check.

For the first time growers seeking to sell wheat have an unregulated market that no longer requires growers to sell to the Australian Wheat Board, which is putting downside pressure on ASX wheat futures.

Several areas harvesting at the same time also pose some problems of labor and equipment availability, but first reports from Northern NSW pointed to "excellent quality and quantity of wheat and barley."

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