IGC: Grain records for production and consumption

The ratio between grain end stock and consumption is declining despite record production in the 2020/2021 season. The world is producing record grain this season 2020/2021, is the expectation of the International Grains Council (IGC). The IGC expects a harvest of 2.22 billion tons. However, this does not have to lead to strong price pressure, because grain consumption also reaches a record 2.21 billion tons. Stocks-to-use ratio important for grain pricing Because the production is slightly hig