The Victorian section of the report implies that it was written not long after a BOM forecast of 13 November 2020, so given the time it takes to have such reports approved, proofread and published, it isn't quite today's situation.
The NSW section says wheat yields at an estimated 3.2 tonnes per hectare are 60 per cent above the median for the decade to 2019-20. Perhaps as with the crop estimates this will turn out to be an underestimate. No wonder silos at places like Narromine are bursting.
Summer crop estimate for Queensland Is suggested to be six per cent above average.
The very hot and I gather windy conditions in NSW forecast for Tuesday 1 December almost seem to stop at the Victorian border.
GNC Price at posting:
$4.37 Sentiment: Hold Disclosure: Held
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