South Africa Wheat-Crop Forecast May Be Unchanged, Survey Shows

South Africa will probably leave its forecast for the country’s winter-wheat harvest unchanged, a Bloomberg survey showed.

Farmers will collect 1.46 million metric tons of the grain, the same as projected last month, according to the median estimate of nine traders surveyed by Bloomberg News. Forecasts ranged from 1.36 million tons to 1.46 million tons.

The government’s Crop Estimates Committee is scheduled to release its final 2010 winter-wheat crop tomorrow at 3:30 p.m. Johannesburg time.

Wheat for July delivery, the most active contract on the South African Futures Exchange, fell 4 rand, or 0.1 percent, to 3,060 rand ($462) a ton by 11:52 a.m. in Johannesburg.

(Source: http://www.bloomberg.com/news/2011-05-04/south-africa-wheat-crop-forecast-may-be-unchanged-survey-shows.html)