Australian farmers are forecast to grow slightly more canola and barley this year, while wheat production may dip, according to the latest estimates from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

Canola 34 per cent above 10-year average
Expected to drop passed last year’s lows
Provincial harvest only three per cent complete
Feed barley prices may continue to decline
Production up 4.4 per cent on year
Dry areas begin harvest operations
Western Canadian grains hold price advantage
Farmers should shop around
Weak demand stems from shortage of replacement cattle