IGC lifts grain estimates on record corn outlook

LONDON (Commodity Online) : The International Grains Council has lifted its estimate for global by 3 million tones to 1.808 billion, up 4.5 percent year-on-year. The global organization attributed a record corn crop forecast for 2011/12 to the better outlook for global grain production. However, IGC said stocks are expected to remain low. The deficit will lower stocks to a four-year low

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