top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!
Writer's pictureWright team

Tidbits, Pre-Hedging, IGC’s Outlook, Precipitation, Export Sales 9/20/24

Highlights


The International Grains Council (IGC) predicts record large global grain production and record large global consumption for the 2024-25 marketing year. More importantly, world carryovers (aka ending stocks) are projected at a 10-year low.

 

IGC’s report on Wednesday listed total grains (wheat and coarse grains) output at 2.315 billion mts and consumption at 2.325 billion mts with the carryover down to 581 million mts, the lowest since 2014-15.

 

The records are forecast despite the IGC predicting slight declines in corn production to 1.224 billion mts and wheat production to 798 million mts.

 

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Comments


bottom of page