AUSTRALIA reduced its wheat production outlook as the El Nino weather event threatens to curb yields in the country's east.
The harvest may total 23.6 million tonnes in 2015-2016 from 24.4 million tonnes forecast in March, the Australian Bureau of Agricultural & Resource Economics & Sciences said in a report. Output was 23.7 million tonnes a year earlier and 25.3 million in 2013-2014, it said. Farmers in the world's fifth-biggest exporter begin harvesting about October.
Wheat in Chicago traded...