IGC has significantly increased the forecast production of wheat, corn and soybeans
experts from the International Grain Council (IGC) in its September report increased relative to the August forecast evaluation world production of wheat in season 2017/18 6 million tonnes to 742 million tonnes forecast ending world wheat stocks left unchanged at a record 248 million tons, because world trade will grow by 2 million tonnes, while consumption will increase by 4 million tons.
Forecast world corn production increased by 12 million tons to 1,029 billion tons Similarly increase the volume of world grain ending stocks – to 208 million tons.
According to analysts IGC, world production of soybeans 2017/18 MG will rise to a record 348 million tonnes, 3 million tonnes higher than the figure recorded the previous season. Soybean inventories will be reduced by 6% due to an increase in consumption of oil.
Thanks to the activation of imports of soybeans to Asian countries, world trade in soybeans in the 2017/18 season will increase by 4% and will reach 150 million tons.