USDA Boosts Global Coarse Grain Crop

WASHINGTON - Sep 12/07 - SNS -- Global coarse grain production is increased 1.9 million metric tons (MT) to 1061.76 million as increases for Canada, FSU-12, and the United States more than offset reductions for Argentina, Australia, China, and DU-27, according to the latest forecasts by the USDA's World Agricultural Outlook Board.

Coarse grain production for Canada is raised 700,000 MT as higher barley and oats output more than offset reduced corn production. An 800,000 MT increase for FSU-12 coarse grain output mostly reflects higher oats production for Russia and higher oats and rye production for Belarus.

Argentina corn production is lowered 1.5 million MT this month as sharply higher oilseed prices are expected to reduce the incentives for corn planting. Australia barley production is cut 1.0 million MT reflecting dry conditions that are expected to have an even greater impact on barley than wheat because of its earlier maturity.

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