ASIA WHEAT ROUNDUP: Rains improve Australia crop in May, high prices pressure demand

Mounting weather concerns and bullishness from offshore wheat markets lent strength to Australian wheat prices in May, though a weaker currency and significant rains across dry cropping regions in New South Wales boosted near-term crop prospects and encouraged more old crop sales, causing prices to decline toward the end of the month. Rains improve crop sales Australian Premium White ended theMounting weather concerns and bullishness from offshore wheat markets lent strength to Australian wheat prices in May, though a weaker currency and significant rains across dry cropping regions in New South Wales boosted near-term crop prospects and encouraged more old crop sales, causing prices to decline toward the end of the month. Rains improve crop sales Australian Premium White ended theRead More