NEWS
Dryness Could Threaten Aussie Wheat
Fri May 10, 2013 07:53 AM CDT

SYDNEY (Dow Jones) -- Australia's wheat crop could suffer this year as dry weather along the country's East Coast hinders plantings in the world's second-largest exporter of the staple grain, traders and analysts have warned.

Planting across the New South Wales, Victoria and South Australia states has been slowed by dry weather, threatening production of Australia's milling wheat harvest at a time when freezing weather in the U.S. has clouded the outlook for the global wheat crop.

Brian Dalitz, head of trading at one of Australia's largest wheat exporters, Emerald Group, Friday lowered his forecast for Australia's 2013 harvest to ...

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