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Tag Archives international grains council — page 3

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

Little variation seen in global grain supply and demand data

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MarketsFarm — Few significant changes appear in the latest monthly supply and demand report from the International Grains Council (IGC), which released its estimates Thursday. The IGC slightly nudged its estimate of total world grain production from its August estimate of 2.23 billion to September’s 2.227 billion tonnes. The September forecast is 2.1 per cent […] Read more
Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)
Crops, Markets

Global grain production to increase, IGC predicts

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MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more
File photo of an Alberta wheat field. (ImagineGolf/E+/Getty Images)
Crops, Markets

IGC calls for more wheat despite lowering global forecast

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MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more
Global corn stocks were seen falling to a six-year low of 284 million tonnes by the end of the 2019-20 season.
Crops, News

IGC cuts forecast for 2019/20 world corn production

Global corn stocks are set to fall in 2019-20, but wheat production is expected to increase

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London | Reuters – The International Grains Council (IGC) recently cut its forecast for world corn production in the 2019-2020 season, driven by a diminished outlook for the United States crop. The inter-governmental body, in a monthly update, reduced its global corn (maize) crop forecast by seven million tonnes to 1.118 billion tonnes. The U.S. […] Read more
(Photo courtesy Canada Beef Inc.)
Crops

Record crops to send grain stocks to all-time peak, IGC says

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London | Reuters –– Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016-17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production. The intergovernmental body, in a monthly update, put total grain carryover stocks at the […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

U.S. grains: Wheat falls to decade low on ample supplies

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Reuters — Wheat futures dropped to their lowest price in Chicago in nearly a decade on Friday, pressured by ample supplies and technical selling. Corn dropped for the fifth straight session and soybeans lost ground for the fourth straight day, as a U.S. tour of mostly robust crops wrapped up. The Chicago Board of Trade […] Read more
(FIle photo by Allan Dawson)
Crops

IGC raises 2016-17 global wheat, corn forecasts

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London/ Reuters – The International Grains Council has raised its forecasts for global corn production in the 2016-17 season, largely reflecting improved crop prospects in the United States. World corn (maize) production was upwardly revised to 1.017 billion tonnes, up from a previous projection of 1.003 billion and the prior season’s 968 million. “Better crop prospects […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Soybeans climb as China fears wane

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Chicago | Reuters –– Benchmark U.S. soybean futures rose 1.5 per cent on Thursday as equity markets stabilized in China, the world’s top soy buyer, and on outlooks for dry weather as the U.S. Midwest growing season winds down, traders said. Corn clung to modest gains on better-than-expected weekly U.S. export sales and spillover strength […] Read more

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