The International Grains Council (IGC) expects global grain stocks to decline by the end of the 2018/19 season. A decline in global grain production to 2.087 billion tonnes (-0.2%) and an increase in global consumption to 2.13 billion tonnes (+ 1.1%) are expected. Although corn production will increase by 7 million tonnes to 1.052 billion tonnes, wheat production will decline by 17 million tonnes to 741 million tonnes.
