IGC Trade Forecasts Cut

Grain

The International Grains Council (IGC) has downgraded its wheat and corn trade forecasts by a respective 3 Mt and 6 Mt to 194 Mt and 173 Mt for 2021/22 (July-June). As a result of reduced crop yield from Southern American producers, the IGC global soyabean trade forecast has been cut by 2 Mt to 159 Mt.