2020 Aussie Wheat Production Potential
ABARES, the Australian equivalent to USDA, pegged the 2020 Aussie wheat crop at 26.7 MMTs. The USDA raised its estimate t0 26 MMTs in Thursday’s WASDE. The Aussie crop has just been planted, but ARC’s work suggests that the odds of a massive increase in Australia’s wheat supply are better than average. Most important is…