IGC Cuts Global Corn and Soybean Crop Pegs on South American Issues

Posted on 02/22/2018 11:24 AM
International Grains Council (IGC) lowered its global corn crop estimate for 2017-18 by 6 MMT to 1.048 billion MT today, “mainly because of poorer maize output prospects in Argentina, Brazil and South Africa.” This plus a slight uptick in IGC’s trade estimate resulted in an 8-MMT drop in its estimate of carryover stocks from January th...