USDA has adjusted the forecast of the global balance of production and consumption of corn in 2016/17 MG
the USDA published a revised balance of world production and consumption of corn in season 2016/17 MG.
the crop Forecast for Brazil increased by 1 million.t due to the increase in acreage, however, the estimated gross yield for the United States decreased by 0.9 MMT to 382,5 million tons, and for the EU by 0.9 million tonnes to 60.3 million so the Overall prognosis world production of corn has remained almost unchanged at the level 1025,7 million tonnes.
Significantly increased the estimate of the volume of global trade corn. World exports relative to the September report increased by 4 MMT to 143,8 million tons, and imports by 3.4 million tons to 133.7 million t Improved the export potential of maize for Brazil by 1 million tons to 25.5 million tons, the U.S. at 1.3 million tons to 56.5 million tons, Argentina by 1 million tons to 25 million tons has increased the Most significantly forecasts corn imports to Iran, Vietnam and Mexico.
Ending inventory reduced by 2.7 million tons, however, they will make a record 216.8 million as of T.