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IGC Raises Forecast for 2021/22 Global Corn Crop

PIXABAY
PIXABAY

The International Grains Council (IGC) raised its forecast for the 2021/22 global corn crop, predominately reflecting an improved outlook for the U.S.

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.

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