International Grains Council Cuts Wheat Crop Outlook, Raises Corn
As crop conditions deteriorated in key wheat exporter Russia
The International Grains Council on Monday cut its forecast for global wheat production in 2012/13 as the outlook for the crop in key exporter Russia deteriorated.
World wheat production was cut to 665 million tonnes from a previous forecast of 671 million and now stands well below the prior season's 695 million.
For the full story, click here.
