date:Jul 08, 2014
4.4 per cent drop in harvested acreage forecast by the USDA. Improved output in the U.S. will help boost global inventories by 8 percent next year to 182.65 million metric tons, the highest in 15 years.
Global output of all grain is forecast to be 2.5 billion metric tons, 18.3 million more than predicted last month, the United Nations Food and Agriculture Organization said July 3. Global food prices fell in June for the third straight month.
Weather Risk
With harvest still two months away, o