LONDO - The International Grains Council (IGC) on Thursday raised its forecast for the 2021/22 global corn crop, predominately reflecting an improved outlook for the United States.
In its monthly update, the inter-governmental body increased its 2021/22 world corn (maize) crop outlook by 1 million tonnes to 1.210 billion tonnes.
The IGC put the U.S. corn crop at 381.5 million tonnes, up from a previous projection of 380.3 million tonnes and in line with the U.S. Department of Agriculture's current forecast.
Global wheat production in the 2021/22 season was seen at 781 million tonnes, unchanged from last month's forecast, while the IGC also maintained its forecast for global soybean production in 2021/22 at 380 million tonnes.
(Reporting by Nigel Hunt; Editing by Edmund Blair) ((email@example.com; +44 (0) 7990 561421; Reuters Messaging: firstname.lastname@example.org))