It is forecast that global grain production in 2023 could reach a record high

The increase in the grain production forecast is almost entirely based on increased production estimates from the Russian Federation and Ukraine compared to the previous forecast due to continued favorable weather conditions. These upward revisions offset a sharp decline in Canadian wheat production forecasts due to widespread dry weather in the key producing states of Alberta and Saskatchewan, leading to yield declines. Argentina and Kazakhstan's wheat output forecasts were also adjusted downward due to prolonged hot and dry weather, which has reduced yields. FAO's latest forecast for global coarse grain production in 2023 is virtually unchanged from the previous forecast at 1,511 million tons, but still up 2.7% (up 39.2 million tons) compared to last year. before. Global corn production increased slightly this month, mainly due to increased output in Brazil due to the latest area and yield estimates from the ongoing main harvest. Brazil is having favorable weather conditions, ...