Rainfall 3 months from now - at least 75% chance, page-119

This is part of an article on 19 October 2020 from shipping line ANL's website , a subsidiary of French-owned CMA-CGM:

Milled Cereal

The extremely dry weather and severe spring frosts across central and southern parts of Europe has presented a great opportunity for the Australian wheat/grain market (5).

Rabobank's London-based Global Grains and Oilseeds Strategist Stefan Vogel said within the world grain trade, all eyes are now on Australia to see how much of their crop would counterbalance the result in Europe, which is likely to see its lowest canola production in nearly 15 years and well below average cereal tonnes (6). Mr. Vogel highlighted wheat and canola as the two main crops presenting opportunities (6).

However, after a good 2019/2020 harvest where the European market exported 38 million tonnes of wheat, Mr. Vogel is anticipating a drop of at least 10m tonnes this year, with major wheat growing nations such as France, Germany and Romania suffering from dry and hot conditions (6).

"Everyone is banking on Australia to make that happen on the world market because no one else has a whole lot of buffer to make that up," he said (6).