F.O. Licht's Grains Production Update: Global balance remains tight for nowThis article was originally published in The Public Ledger
Several revisions in 2012/13 (Jul/Jun) harvests from Southern Hemisphere producers are included in the new estimates, which point to higher than expected supplies. However, the global balances remain tight. In addition, the first projections for the 2013 harvests in the Northern Hemisphere come into the focus, and one of the key questions is if a big US corn crop could help rebuild the global corn balance.