World coarse grain production and beginning stocks forecast for 2010/11 are reduced this month, lowering supply 2.5 million tons. However, projected global use is 3.3 million tons lower this month, allowing for a 0.8-million-ton increase in ending stocks to 154.9 million tons.
The global stocks-to-use ratio is projected at 13.8 percent, slightly lower than in 2006/07 when stocks were nine percent lower but use was smaller. US 2010/11 supply and use forecasts for feed grains are unchanged this month except for a small reduction in barley exports and an offsetting increase in ending stocks. Price projections are adjusted, but the midpoint of the forecast corn farm price range is unchanged. Read more ...
Feed Outlook, 03.14.2011 [pdf]
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
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