Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 23, 2012 17:22:28

Global corn production will be lower-than-expected

ColosseumInternational Association for Cereal today reduced the forecast of global corn crop at 838 million tonnes, while still at the end of July Expected 864 million tonnes. Compared to the previous year, the production of commodities should fall off by 4.3 percent. The reason is the worst drought in the U.S. over the last half-century, owing to whom the forfeited yield significantly fields. It was also revised down estimates of global wheat crop, on júlových 662 million from 665 million tonnes. Price of maize and wheat today is stagnating.

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Globálna produkcia kukurice bude nižšia oproti očakávaniam

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