Sparks predicts global corn production increase
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Last Update: 2001-12-06
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Source: Internet
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Author: User
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Introduction: sparks released its crop output and supply and demand forecast for December yesterday morning Global corn production is forecast to be higher than last year due to higher corn production in China The USDA will release its December supply and demand report next Tuesday Sparks said it now expects Chinese corn production of 112 million tons That's the same data they predicted last month, but it's 6 million tons more than last year The company said it expects a small increase in Ukrainian corn production, but the increase in those areas will be partially offset by declines in Argentina and Italy Analysts predict that Argentine corn production is down 1.5 million tons from last month's forecast to 12.5 million tons, 2.85 million tons lower than last year's forecast Corn production in Italy is forecast to decline 1 million tons to 10 million tons from last month's forecast Sparks forecasts soybean production in Brazil to remain unchanged from last month's estimate at 40.8 million tons The figure is 2.3 million tons more than last year's production They estimate that Argentina's soybean production increased by 1 million tons to 28.3 million tons, 500000 tons higher than last year (author:) share to feed Weibo share to:
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