Australian Farmers Wait for Rain as GrainCorp Warns of Dry Start
- Season depends on soil mositure over next month: GrainCorp CEO
- Rain in late May could put season back on track: Rabobank
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Crop handler GrainCorp Ltd. has warned about challenging conditions in Australia’s east as grain farmers across the nation wait for rain, with most winter crops planted in dry soil.
“We are still quite a way from having any predictable levels of what the crop size would be,” for the upcoming season, GrainCorp’s Chief Executive Officer Mark Palmquist said on a call with media and analysts on Friday. “It really does depend on what moisture profile we get over the next month.”