date:Feb 26, 2016
aid.
While the resulting small increase in world corn production is seen being entirely absorbed by higher use ending stocks are projected to recede only slightly and will likely remain in excess of 200m tonnes.
The IGC also raised to 711m tonnes, from 706m tonnes, its forecast for world wheat output albeit representing a 21m-tonne drop year on year, but downplayed the extent to which this was likely to result in tighter supplies.
Large stocks will help to cushion the impact of the productio