MARKETS NEWS
IGC: Global Wheat Output Up in 2013-14
Thu Apr 25, 2013 09:32 AM CDT

LONDON (Dow Jones) -- The International Grains Council said Thursday that increased plantings and better yields will likely lift the global wheat crop by 4% in 2013-14, to 680 million metric tons, led by gains in the European Union and former Soviet Union.

This was down 3 million tons on its previous forecast for 2013-14.

The London-based body added that a slight fall in feed use will likely be outweighed by improved food and industrial demand, allowing only a slight rise in global stocks, to 181 million tons.

The IGC forecast that global corn output will increase by 10% in ...

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