The global coarse grain production forecast for 2021/22 is revised up by 5.1 million tons to 1.499 billion tons

 

The US corn production data for 2021/22 is revised upwards, the ethanol industry corn consumption data is revised upwards, and the ending inventory data is revised downwards slightly
.

 

U.
S.
corn production is expected to be 15.
062 billion bushels, 43 million bushels higher than last month's forecast, as the yield data is raised by 0.
5 bushels to a record 177 bushels per acre
.
The ethanol industry’s corn consumption data is raised by 50 million bushels, based on the September Grain Processing and Finished Products Report issued by the US Department of Agriculture and the US Energy Information Administration’s October ethanol weekly report
.
Due to a slightly higher increase in usage than supply, the end of corn inventory data was revised down by 7 million bushels
.
The average corn farm price is expected to remain unchanged at US$5.
45 per bushel
.

 

The global coarse grain production forecast for 2021/22 is revised up by 5.
1 million tons to 1.
499 billion tons
.
In 2021/22, overseas coarse grain production data are raised, trade data are raised, and ending inventory data are raised
.

 

The overseas corn production data has been revised upwards because the increase in Argentina, the European Union and some African countries outpaced the decline in the Philippines
.
The increase in corn production data in Argentina is mainly due to the increase in the sown area of ​​late sowing corn
.
The EU corn production data is raised because of the higher production data of Poland, Romania and France
.
The overseas barley production data is lowered because of lower production data for Turkey, the European Union, Russia and Ukraine
.

 

　　Corn export data for Argentina and the European Union have been revised upwards, but Bangladesh’s export data have been revised downwards
.
Maize import data for Iran and Thailand are revised upwards, while import data for Nigeria and Turkey are revised downwards
.
For the 2020/21 season, the Argentine corn export data for the domestic market year (beginning in March 2021) has been revised upwards, but the Brazilian export data has been revised downwards, which is based on the export situation as of October
.
In 2021/22, China and Turkey's barley import data are revised upwards, but Saudi Arabia's data is revised downwards
.
The ending stocks of overseas corn are revised upwards because of the upward revisions of China, Brazil, Burkina Faso and Angola
.
Global corn ending stocks are expected to be 304.
4 million tons, up 2.
7 million tons from last month's forecast
.