Global wheat trade forecast at record high in 2017/18 after rising 60 percent in past decade.

Global wheat trade in 2017/18 is forecast at a record, having grown by nearly 60 percent over the last decade, as import demand from Southeast Asia, Sub-Saharan Africa and the Middle East continues to grow, the U.S. Department of Agriculture (USDA) said. The demand in these regions are increasing because of rising populations and a […]

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Global corn production for 2017-18 estimated to be slightly lower, says USDA

Global corn production for 2017-18 is down with a significant cut in Serbia as well as lower forecasts for Ukraine, the European Union, and Russia, more than offsetting better prospects in Argentina and Mexico, the Foreign Agriculture Services (FAS) of the U.S. Department of Agriculture has said. Global trade is raised slightly on higher projected […]

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Global coarse grain 2017/18 production forecast raised by 2.4 million tons in latest USDA report

Global coarse grain production for 2017/18 is forecast up 2.4 million tons to 1,316.5 million, the U.S. Department of Agriculture (USDA) said in its latest World Agriculture Supply and Demand Estimates (WASDE) report. “The 2017/18 foreign coarse grain outlook is for greater production, slightly lower consumption, reduced trade, and larger stocks relative to last month,” […]

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Wheat futures: Hedge fund proposes; God disposes

Just as reports of bumper wheat production from all across the world had started settling in, nature decided to play spoilsport. Last week, a major winter storm hammered the U.S. western plains states. These included Kansas, the top producing state, and centred on hard red winter wheat, as traded in Kansas City. Some areas received […]

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USDA raises global wheat production forecast on Pakistan’s larger crop; lowers consumption

Global wheat production, already at a record, is raised slightly this month mainly on a larger crop in Pakistan, the U.S. Department of Agriculture (USDA) said in its latest monthly report, adding that it was lowering consumption numbers mainly on reduced U.S. feed “Consequently, global stocks, which were already forecast at a record high, are […]

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