Australian Wheat Inventories Surge
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next Northern Hemisphere wheat harvestReuters
•Business
Business & Economics
Weak Chinese demand leaves Australia with too much wheat

77% Informative
Australian wheat inventories will likely be much higher than last year at the end of the season , pressuring prices.
A fire sale of stored grain may be necessary to clear space before the new wheat harvest in the last quarter of the year .
Australia sent just 546,000 metric tons of wheat to China during the October to March period .
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