Last month, the forecast was raised by 20 million tons, according to AGN. Grain Online.

According to the revised estimates, the gross grain harvest will rise to a record 2046 million tons, surpassing the level of last season on 46 million tons.

Compared to the previous month increased the forecast of the corn harvest - from 1017 to 1030 million tonnes, mainly due to the US.

Upward also revised its forecast for wheat - from 735 to 743 million tons, as lower crop forecast in the European Union was blocked his increased for the CIS and the USA. Due to unfavorable weather conditions in some exporting countries is growing concern about the adequacy of the resources of milling wheat.

The abundant supply of grain and low prices will spur coarse grain consumption. As a result, consumption of grain will rise to 2046 million tons, 64 million tons higher than last season and 17 million tons more than predicted a month ago.

The forecast of ending stocks increased from 488 million tons to a record 492 million tons. World grain stocks are rising for the fourth consecutive season.

The volume of world grain trade will reach 330 million tons, higher than the July forecast at 6 million tons, but 13 million tonnes lower than the record level of last season.