date:May 06, 2016
ording to the report. Prices of corn and wheat on the Chicago Board of Trade, the global benchmark, got a boost last month from the rally in soybeans and as dry weather threatened crops in Brazil.
Still, prospects for global grain supplies are improving amid favorable weather conditions in the European Union, Russia and Ukraine. The UN FAO raised its forecast for world wheat production in 2016 by 0.6 percent from last months estimate, pegging the crop at 717 million metric tons. That would stil