IGC revises up world wheat, corn output forecast; India likely to post bumper production

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Total grain production in the 2018/19 marketing year will be 10 million tonnes higher than expected, and global stocks 6 million tonnes more than previously anticipated, as wheat production is expected to rise globally, according to the International Grains Council (IGC). Total wheat production is expected to be 737 million tonnes this year, 8 million […]

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IGC trims 2018-19 world grains production forecast

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With small adjustments for wheat, maize and sorghum, the International Grains Council (IGC) has lowered its forecast for world total grains production in 2018/19 to 2,079 million tonnes, declined by 2 million tonnes from its earlier forecast and down 1 per cent year-on-year. In its latest monthly report, the inter-governmental body trimmed its forecast for […]

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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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IGC cuts 2017/18 grains output estimate; reduces carryover stocks for 2018/19

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The International Grains Council (IGC) cut its estimate of total grains (wheat and coarse grains) production in 2017/18 by 2m t m/m (month-on-month) to 2,091m, mainly for maize and largely owing to a downgrade for Brazil. Historical adjustments to maize stocks (mostly in Iran) contribute to an 8m t m/m reduction in the world ending […]

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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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Falling wheat output and rising corn demand seen tightening grains supplies in 2018-19 – IGC

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Falling wheat output and rising corn demand will fuel a decline in world grain supplies to their tightest compared with consumption since 2013-14, the International Grains Council (IGC) said in its latest report. In its initial forecast for 2018-19, the IGC forecast ending stocks of wheat and coarse grains of 560 million tonnes, down 46 […]

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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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