First decline in five years is forecast for global grain stocks

The world’s grain stockpile will shrink nearly 7 percent by the end of the new marketing year, forecasts the International Grains Council. The reason, said the London-based group, is a smaller harvest—down 3 percent—and the second year of record-high consumption. It would be the first decline in world stocks in five years, said the IGC. Corn… » Read More