date:Apr 11, 2014
Wheat production in marketing year (MY) 2014/15 is forecast stable at 122 million metric tons (MMT). MY 2014/15 wheat imports are forecast at 4 MMT, down 3 MMT from the previous year, as near record production and lower feed use reduce import demand.
MY 2014/15 corn production is forecast at a record 218 MMT based on an expansion in corn acreage at the expense of less profitable soybeans and cotton. Corn imports in MY 2014/15 are forecast to fall to 3 MMT due to high domestic corn stocks and th