The International Grains Council expects global corn output to decline while demand inches higher.
In its first outlook for 2017 and 2018, the intergovernmental group forecasts production around the world to drop 26 million tons from the previous marketing period to slightly more than one billion—still the second highest total on record.
The report cites fewer planted corn acres in the U.S., South America, and China more than offsetting increases in the European Union and areas of the former Soviet Union.
Continue reading IGC anticipates reduction in global corn output at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.