USDA Lowers World Coarse Grain Estimate

WASHINGTON - Jun 10/10 - SNS - Global coarse grain supplies for 2010-11 are projected 5.3 million metric tons (MT) lower at 1321.22 million MT with the largest share of the decline resulting from lower expected corn carryin in the United States, according to current supply and demand forecasts from the USDA's World Agricultural Outlook Board.

Global coarse grain production for 2010-11 is lowered 1.4 million MT to 1128.36 million as higher corn production is more than offset by reductions in barley, oats, rye, and mixed grains mostly reflecting reduced crop prospects in EU-27. Flooding in eastern Europe and dryness during April and May in France have reduced expected coarse grains yields in these regions.

Global corn production is raised 0.7 million MT as a 1.5-million-ton increase for Ukraine, based on higher reported area, is only partly offset by reductions for Mexico and EU-27. Production is lowered 0.5 million MT for Mexico as dryness has persisted in eastern and central growing areas during May. EU-27 corn production is lowered 0.3 million MT as heavy May rains have delayed field work, reducing expected area and yields in eastern Europe.

Subscribers can read the full text of the article by Clicking here