USDA Estimate Sharp Decline In Global Corn Production And Stocks In 2013-14 11-Feb-2014

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As per the latest release from the United States Department of Agriculture (USDA) , the total global production of Corn 2013-14 is projected lower by 0.28 million tonnes from the last month to reported at 966.61 million tonnes.This is mainly due to weak production estimates in Argentina and Russia.

The global consumption is also reported higher at 943.34 million tonnes on the account of higher consumption in EU and india . The Corn exports for 2013/14 are higher in U.S and Ukraine.

Global corn ending stocks for 2013/14 are projected 2.62 million tonnes lower at 157.70 million tonnes with lower stocks in United State.

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