Case study: Australia’s pasture growth means less demand for feed

Widespread rainfall in early 2020 has created the prospect for a good start to the grain sowing season in Australia. This follows 2 years of below-average grain crops as a result of drought. For wheat, production is forecast to be more than 50% greater than the previous year. The wheat industries in Western Australia and South Australia are almost completely export focused with typically more than 85% of the wheat production in these 2 states destined for exports. This is a result of limited do