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Australia Cuts Wheat Estimate as El Nino Brings Hot, Dry Weather

Australia cut its wheat harvest estimate 5.1 percent after dry and hot weather linked to El Nino curbed yields in the world’s fifth-biggest exporter. Output may total 24 million metric tons in 2015-16 from 25.3 million tons forecast in September, the Australian Bureau of Agricultural & Resource Economics & Sciences said...

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