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World Grain Markets: Record Supplies Support Growing Global Consumption
AGFAX ^ | May 13, 2015 | USDA

Posted on 06/03/2015 7:50:59 AM PDT by jjotto

Global corn production in 2015/16 is projected down from last year’s record, with lower forecasts for the United States, EU, Brazil, and Ukraine. Global corn consumption is expected to climb slightly above production for the first time in 5 years. Global ending stocks are forecast mostly unchanged, with growth in China nearly offsetting stocks declines in the United States and other foreign countries. World corn import demand is expected higher, led by the EU and Saudi Arabia.

Wheat production is forecast down from last year’s record, but still above consumption for the third straight year. Global consumption is projected up slightly as steady growth in food use more than offsets lower feeding. Global trade is forecast lower, partly driven by larger crops in some major importing countries. The EU is forecast to be the world’s largest exporter for the third straight year. Global stocks are projected slightly larger with an increase in China, but stocks in some exporting countries are expected to tighten.

Rice production is projected at a new record. Consumption is forecast to surpass production for the third year in a row, drawing down stocks to the lowest since 2007/08. Trade is projected to decline marginally, but still near-record. U.S. exports are projected higher on ample supplies and improved price competitiveness in the Western Hemisphere.


TOPICS: Agriculture; Business/Economy; Food
KEYWORDS: grain
...Global corn consumption is expected to climb slightly above production for the first time in 5 years...

...Wheat production is forecast down from last year’s record, but still above consumption for the third straight year...

...Rice production is projected at a new record...

1 posted on 06/03/2015 7:50:59 AM PDT by jjotto
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To: jjotto

How much of this production is due to genetically modified meddling, or is it all natural? Would they tell us?

I read about two years ago that China refused a large shipment of US corn because it was the GMO type. Don’t know where it ended up.


2 posted on 06/03/2015 7:58:31 AM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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To: Paulie

How much of it is due to extra CO2 is more interesting I think.
Thats a not-often mentioned side benefit to extra CO2.


3 posted on 06/03/2015 8:02:31 AM PDT by buwaya
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To: Paulie

A large percent of corn and rice are GMOs. Wheat, hardly any or none, at least as of a few years ago.


4 posted on 06/03/2015 8:04:18 AM PDT by jjotto ("Ya could look it up!")
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To: buwaya

I never heard of that. Interesting.

One reason may be because publicizing something like that would ruin the ‘climate change/global warming’ narrative.


5 posted on 06/03/2015 8:12:31 AM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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