Grain Producers Australia says it is in robust financial health following announcing its results at its annual general meeting.
After flirting with an El Niño event earlier this year, it appears climatic conditions will remain neutral throughout 2017.
Canola producers could be in for a pleasant surprise in the lead up to harvest, with analysts predicting a price rise.
A USDA report last week caught the grains industry by surprise, with shock upward revision of production in several regions.
The focus is generally on the Indian and Pacific Oceans, but what climate driver has led to July's improved rainfall?
From the July high of 474.5 USc/bu, September wheat futures have now fallen 140 USc/bu, or close to A$80/t in a little over a month.
United States wheat futures tumbled after the USDA delivered a very bearish August world supply and demand estimate report late last week.
China is in the midst of a transformation of its economy and this presents both challenges and opportunities for the Aussie grains sector.
Chinese policy surrounding food security have changed markedly in recent years. How will it influence Australia's grains sector?