date:Mar 04, 2016
The bumper global grain glut may get a little bit smaller this year after dry weather curbed wheat planting in the Black Sea region.
World wheat production may fall 1.4 percent from last years record to 723 million metric tons, the United Nations Food Agriculture Organization said in a report Thursday. It was their first forecast for the 2016 harvest.
Wheat prices are near a five-year low as large harvests around the world are set to boost grain stockpiles to the highest in three decades. The