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World corn production raised

07/01/2013 @ 12:38pm

World corn production during the 2013-14 crop year is forecast to hit 946 million metric tons, the International Grains Council said Monday, revising higher its prior forecast by 1 millions tons.

The London-based grains body said it revised higher its forecast this month due to higher Black Sea output expectations.

The IGC also said it revised higher its forecast for world wheat production by 1 million tons this month to 683 million tons, but warned that the extra supply would be absorbed by demand.

Write to Neena Rai at neena.rai@dowjones.com

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(END) Dow Jones Newswires

July 01, 2013 11:05 ET (15:05 GMT)

DJ IGC Revises 2013-2014 Corn, Wheat Forecasts Higher->copyright

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