Dry conditions across Australia's biggest wheat-producing regions has pushed up hard-red winter wheat prices up by 14% and the soft-red variety by 10% on the Chicago Board of Trade. The price rise is a sign that farmers are struggling to cope with dry conditions, which have been blamed for an increase in crop losses this year. Aug 02 2018, 3:30 AMAug 02 2018, 1:49 PMAugust 02 The estimates have prompted fears about insufficient animal feed supplies and a drop in exports.
Dry conditions across Australia's biggest wheat-producing regions has pushed up hard-red winter wheat prices up by 14% and the soft-red variety by 10% on the Chicago Board of Trade. The price rise is a sign that farmers are struggling to cope with dry conditions, which have been blamed for an increase in crop losses this year. The estimates have prompted fears about insufficient animal feed supplies and a drop in exports.