IGC has greatly increased the estimate of world ending stocks for wheat and corn
Experts CIG increased in comparison with November forecast estimate of world corn ending stocks in the 2017/18 season with 206 to 322 million tons. Most of all, the adjustment for China.
Forecast final residues of wheat in the world increased in comparison with November by 5 million tons to 254 million tonnes, 13 million tonnes will exceed the level of the 2016/17 season. Production estimate increased by 8 million tonnes to 757 million tonnes, 2 million tonnes higher than the figure recorded last season.
Prediction end of world balances of all grains increased from 496 to 617 million tons, which is 1.2% or 5 million tons will give the level of reserves 2016/17 MG.
in addition, the experts CIG I believe that some countries in Africa and Asia, in particular India, will increase imports of wheat, which can lead to a reduction in the remnants of grain in the next season.