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USDA raised its forecast of global corn production in season 2017/18
USDA raised the forecast of world coarse grain production in the season 2017/18 1.4 million tons to million tons 1323,9
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World corn production is projected at 1044,75 million tons, also higher than the previous forecast.

Forecast corn production is raised for China, Laos, Guatemala and the EU, but lowered for Russia.

Forecast corn exports lowered for Russia and increased for EU countries.

The forecast for world corn stocks increased to 204,1 million tons, mainly because of rising inventory levels in China, EU and Brazil. The forecast reduction affected Egypt and Mexico.

Photo: garden.hozvo.ru



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Источники: Зерно Он-Лайн
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