USDA: Grain market balanced next season

Supply and demand will be in balance on the global grain market next season. According to the United States Department of Agriculture (USDA), a record 2,790 million tons of grain (including rice) will be harvested in 2021-22. While consumption is estimated at 2,791 million tons. That is a difference of only 1 million tons. While this current 2020-21 season, world production lags behind consumption by 27 million tons. The USDA reports this in the latest Wasde forecast with an overview of the s