The National Australia Bank (NAB) Agribusiness Commodities Wrap released today forecasts the Australian dollar to peak above parity with the US dollar, limiting the impact of rising soft commodity prices. Commodity prices have begun to rise again in US dollar terms but gains for Australian farmers are being wiped out by the strength of our currency. In commodities, NAB expects total farm production to remain unchanged in 2009-10, however wheat production has been revised down by two million tonnes... ...Read more »