International Grains Council raises forecasts for 2019-20 world wheat, corn crops

The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]

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Outlook for global grains production raised; spike in US, Ukraine outweigh cuts in EU, Australia – IGC

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The International Grains Council (IGC) has raised its forecast for total grains production in 2018-19 to 2,063 million tonnes, up from 2,059 million tonnes in July but down from 2,092 million tonnes forecast for 2017-18. Total grains consumption is forecast at 2,129 million tonnes, up from 2,128 million tonnes in July and compared with 2,107 […]

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Poor weather in key regions pushes IGC to reduce world wheat crop forecast to 5-year low

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Global wheat production is likely to fall to a five-year low following significant downgrade to crop prospects in the European Union and Russia, the International Grains Council (IGC) said in its latest report. The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million tonnes, the lowest […]

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Data – FAO food price index

The FAO Food Price Index (FFPI) averaged 173.5 points in April 2018, nearly unchanged from March but up 2.7 percent from the corresponding period last year. While the prices of most cereals and dairy products continued to increase in April, sugar prices fell further. Vegetable oil and meat markets also remained under downward pressure. » The FAO […]

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Oil prices seen averaging $65 in 2018, metal prices seen rising 9 percent on demand pickup, says World Bank

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More than half of commodity prices (and all non-coal energy prices) are expected to increase in 2018, but four-fifths of them will remain below their 2011 peaks, the World Bank said in its latest Commodity Markets Outlook report, adding that energy prices are forecast to rise 20 percent in 2018—a 16 percentage point upward revision […]

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Global grains output in 2017/18 seen only slightly higher; 2018/19 projection little changed, says IGC

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The estimate of total grains (wheat and coarse grains) production in 2017/18 is only a little higher m/m (month-on-month) as increases for wheat and maize are nearly offset by reductions for sorghum, oats and rye, the International Grains Council (IGC) said in its latest monthly report. With larger opening inventories than before and with consumption […]

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Global 2017/18 grains output forecast lowered on poor maize prospects in Argentina, Brazil and South Africa – IGC

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The forecast for total grains (wheat and coarse grains) production in 2017/18 is 6m tonnes lower month-on-month (m/m) at 2,094m, a decline of 2% year-on-year (y/y) mainly because of poorer maize output prospects in Argentina, Brazil and South Africa, the International Grains Council (IGC) said. With consumption unchanged and taking account of smaller opening inventories, […]

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