Original title: Australia Raises Wheat Forecast to Fourth Largest After Rains
Australia is expecting its fourth-largest wheat harvest on record, with crop forecasts dramatically upgraded following heavier-than-expected rainfall across major grain belts during winter. The nation’s total 2025 grains harvest is expected to be around 62 million tons, a 12% jump from the previous report in June, according to the Department of Agriculture’s quarterly crop report, released Tuesday. Overall, the latest crop estimates are about 26% above the 10-year average.