Total grain supply could hit a new record in 2016-17, the International Grain Council said, as it upped its forecast for next season’s production, increasing ideas for the corn and wheat harvest.
The IGC saw 2016-17 grain production at 2.006bn tonnes, a 9m tonne upgrade from its previous forecast, made at the start of the month.
Although would leave the market in surplus again, with supply outstripping demand, swelling ending stocks to a whopping 472m tonnes…
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