The International Grains Council (IGC) keeps its estimate of the global wheat crop for 2015/16 unchanged at 726 million tons. It increased its demand estimates by 2 million tons, and reduced supply surplus to 6 million tons.
The IGC is pricing the global wheat acreage to fall by just shy of 1% to 221.8 million hectares, notes Commerzbank.
Commentary
International Grains Council sees lower supply surplus for wheat
The International Grains Council (IGC) keeps its estimate of the global wheat crop for 2015/16 unchanged at 726 million tons. It increased its demand estimates by 2 million tons, and reduced supply surplus to 6 million t…
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