NEWS
IGC Raises Wheat 2014-15 Output
Thu Jul 31, 2014 08:27 AM CDT

(Dow Jones) -- The London-based International Grains Council Thursday revised its expectations for the global wheat crop to 702 million metric tons, a rise of 3 million metric tons, citing greater winter harvest acreage levels in Russia and Ukraine.

The U.S. Department of Agriculture this week revised its expectations for the 2014-15 Russian grain crop, increasing it by 2 million tons to 94 million tons. The total included: 52 million metric tons of wheat, 16 million tons of barley, 13 million tons of corn and almost 13 million tons of pulses.

"The increase is due largely to good weather...," said ...

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