AS farmers across the State prepare for this year's harvest, grain prices have taken an untimely dive.
The Chicago Board of Trade's agricultural futures are down across the board.
December 2008 wheat has lost 45cents a bushel to stand at $US5.952/bu; and December 2008 oats lost 20c/bu to be at $US2.94/bu.
In reaction to the falling futures, AWB has cut its estimated pool returns for the 2008-09 AWB eastern and western wheat pools.
South Australian Farmers' Federation Grains Council acting chairman Jamie Smith said the price softening was particularly disappointing given that yield potential had also fallen away.
* Extract from a full report in Stock Journal, October 9 issue.