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

IGC boosts estimates for global corn, soy production

World wheat output expected down on year

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MarketsFarm — The International Grains Council (IGC) on Thursday bumped up its forecast for total global grain production for 2023-24 to a record 2.294 billion tonnes, raising outputs for corn and soybeans but reducing its call for wheat. Compared to the IGC’s April report, it added three million tonnes to its May forecast on overall
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

World production seen up with more corn, soybeans

IGC holds wheat production estimate steady

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MarketsFarm — As the International Grains Council (IGC) raised its estimate for total world grain production in 2023-24, its forecast on corn and soybeans were increased as well. Meanwhile, production estimates for wheat were held steady. The London-based IGC issued its latest supply and demand report on Thursday. World grain production was bumped up by
Chickpeas. (Grigorenko/iStock/Getty Images Plus)
Crops, Markets, Pulses

Pulse weekly outlook: Steady world trade expected in 2023

IGC sees firmer demand for dry peas in particular

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MarketsFarm — World trade in chickpeas and lentils is expected to remain relatively steady in 2023, with solid demand from South Asia underpinning markets, according to the latest outlook from the International Grains Council. The IGC sees the world trade in chickpeas in 2023 at about 1.9 million tonnes, which would be unchanged from 2022,
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

IGC makes changes in corn, soybean supply outlook

Council makes only minor tweaks in wheat

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MarketsFarm — There are some notable changes to the monthly report from the International Grains Council (IGC), primarily in corn and soybeans. The London-based IGC on Thursday issued new supply and demand estimates, pointing to reduced agricultural production such as in Argentina as the main reason for the changes. That’s despite increased output in Brazil
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

World wheat stocks to tighten despite larger crop, IGC says

Corn stocks also revised lower

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MarketsFarm — World wheat production in the 2022-23 marketing year will likely end up slightly higher than earlier projections, according to the latest estimates from the International Grains Council. However, with usage predictions also rising, carryout stocks were revised slightly lower. In a report released Thursday, the IGC pegged 2022-23 world wheat production at 796
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets, Weather

IGC makes small alterations to monthly report

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MarketsFarm — There was very little in the way of changes in the November supply and demand report from the International Grain Council (IGC). The most notable alteration made by the London-based global organization was its four million-tonne reduction to 2022-23 wheat ending stocks, now at 282 million tonnes. The IGC lowered exports from 70
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

Global wheat production rises, corn drops

IGC sees only slight changes in soy crop

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MarketsFarm — The International Grains Council (IGC) in London raised its estimate of total world grain production for 2022-23 from its August report, with most of the increases coming in wheat. Overall, the IGC projected total production to reach 2.256 billion tonnes, adding eight million from last month. Most of that came from higher harvest
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

July report from IGC has few changes

Numbers tweaked from previous month's report

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MarketsFarm — Other than a few tweaks, there were no major changes in the latest monthly report from the London-based International Grains Council (IGC) released Thursday. In comparing the July report with that from June, the IGC tweaked its estimate for total global grain production for 2022-23. It trimmed output by 0.13 per cent at
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

Global production declines expected for wheat, corn

IGC expects world soybean output to increase

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MarketsFarm — In its May supply and demand report, the International Grain Council (IGC) has forecast lower global production of wheat and corn in 2022-23, while soybeans are expected to rise. The IGC, in its latest report Thursday, lowered its call on total world grain production to 2.251 billion tonnes. That’s down by a little

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