NEWS
IGC Ups Wheat, Corn Output Forecast
Thu Oct 31, 2013 11:14 AM CDT

LONDON (Dow Jones) -- Global wheat output for the 2013-14 crop year is forecast to reach 696 million tons, up from the prior forecast of 693 million tons, the London-based International Grains Council said Thursday.

"Gains in wheat prices over the past month stemmed from crop concerns in Argentina and the Black Sea region. Overall, however, wheat output is expected to rise by 6% on year in 2013-14 and closing stocks are seen up by 7 million tons, at 182 million tons, although this would still be below the level seen in 2011-12," the grains body said.

World corn production ...

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