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last release: June 2017

Supply & Demand

 

From previous month forecast

From previous season

Wheat

Maize

Rice

Soybeans

N/A

 Easing

 Neutral

 Tightening

Global markets look set for another comfortable season in 2017/18. World wheat production is forecast to fall below the 2016 record, but aided by large carryover stocks, wheat markets should remain adequately supplied. Given a record crop on the horizon, maize markets remain generally calm. A small increase in global production is expected to keep rice supplies ample, although reserves held by the major rice exporters may fall to a 10-year low. While early indications suggest a small drop in production of soybeans, large carryover stocks and ample export availabilities provide a buffer against the projected fall in production.