NEWS
Fri Nov 28, 2014 11:37 AM CST

PERTH, Australia (Dow Jones) -- CBH Group, which dominates grain storage and handling in Western Australia, has downgraded its estimate of the state's 2014-15 harvest by about 5% due to wet weather.

CBH said its forecast for 2014-15 receivals has been cut to 12.8 million metric tons, from 13.45 million tons previously, due to crop yields being about 15% less than growers originally expected.

Total receivals have now reached 8.79 million tons, meaning that Western Australia is at least two thirds of the way through the harvest program, CBH said, adding that quality hasn't been affected so far by the ...

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