Australia will achieve its third-highest yield of soft wheat this year.

Australia's soft wheat production could be the third highest in its history this year, according to the results of a survey conducted among a group of market analysts. Forecasts point to a volume of 35.7 million tons. In general, it is expected that the growing conditions will be especially favorable in the state of Western Australia, but also in northern New South Wales and Queensland. However, a water deficit persists in other states, such as South Australia, Victoria, and southern New South Wales. Australia is one of the largest producers and exporters of soft wheat in the world, so this news has contributed to the downward trend in global cereal prices, which are being ...