MARKETS NEWS
Weather to Affect Aussie Wheat
Wed Aug 21, 2013 07:31 AM CDT

PERTH, Australia (Dow Jones) -- Western Australia's wheat output in 2013-14 is expected to be hit for a second successive year by dry weather and will be little changed at around 6.2 million metric tons, the state's Minister for Agriculture and Food, Ken Baston said late on Tuesday.

This can drag down the overall national projections and hit prices which are currently under downward pressure as a result of record world-wide output.

Western Australian production is unlikely to be anywhere near predictions, the minister said. Output in the next marketing year starting Oct. 1 will be 8.8 million tons, the ...

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