GFM Network News

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USDA’s corn, stocks view misses forecasts; prices surge

Washington | Reuters — U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, and corn and soybean production was smaller than previously estimated, the U.S. […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

IGC sees smaller global wheat, corn crops in 2015-16

London | Reuters –– Global corn production is expected to fall by five per cent in 2015-16 from this season’s record level and the world wheat crop to decline by a more modest two per cent, the International Grains Council (IGC) forecast on Thursday. The intergovernmental body, in a monthly report, forecast global corn production […] Read more