La nina is generally a good thing for grain growers in eastern wheat belt of australia, with increased rainfall so would be happy to see one. Although with the record winter rainfall we've had, a tad less rain wouldn't hurt haha.
Have been talks of some frost around over the weekend (not that its gunna affect cbot futures) so could be small pockets of wheat lost. Also still a lot of country where its going to be to wet to get a harvester onto and will be stripped a lot later then usual. Any late rain could see some weather damage and might even see some crops left in the paddock.
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How low can wheat go?, page-159
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