Southern Wheat Market Rebound on Export Demand and Northern Rainfall

The southern wheat market has seen an uptick in buying activity for export cargoes as Asian customers seek to secure uncertain supplies from the Black Sea.

Rainfall in eastern Australia has improved production prospects for northern cereals, and highlighted the size of the south's big barley crop.

Northern consumers are confident that there will be plenty of grain available due to the region's wheat carry-out and new-crop production.