Harvesting wheat this week north of Clermont in CQ. Photo: Brad Hallion
THE collapsing protein outlook for Australia’s wheat has domestic and export buyers of new crop largely sitting out of the market as harvest cranks up.
It is already under way for wheat in Central Queensland (CQ) and canola in Western Australia’s Geraldton zone, and volume wheat and barley is expected to hit the bins in Queensland from mid-October.
A proliferation of wheat cargoes on nearby export stems indicates demand is hot for Australian wheat, helped by the weaker Australian dollar, but offset by recessionary…
