Australian Harvest Latest

The grain harvest in Western Australia is progressing well, with the state's main grain storage company, Cooperative Bulk Handling Ltd., saying it has received 2.8mmt of winter grains into it's system so far out of an anticipated 10-12mmt.

In the east late widespread rains in Queensland, New South Wales and Victoria have caused some quality concerns to wheats in this region.

The canola harvest is also underway with crops in Western Australia said to be producing oil yields in the region of 42-44%, whilst crops in the east are lower, typically around 35-38% oil.