date:Feb 26, 2016
The International Grains Council raised to a 29-year high its estimate for world grain stocks at the close of 2015-16 and forecast corn doing its bit to keep inventories high next season too.
The council lifted by 10m tonnes to 465m tonnes the most in around three decades its forecast for world inventories of coarse grains and wheat at the close of 2015-16.
The revision reflected a 10m-tonne upgrade to 206m tonnes in the estimate for world corn stocks, leaving them only marginally lower yea