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Good news for global grain supply

Screen Shot 2020-06-09 at 1.37.07 PM

Source: Wandile Sihlobo, News24, photo credit ECPlaza

I’ve recently cautioned that dryness in parts of Europe and North America could lead to poor grain yields, which would mean that anticipated record harvests in 2020/21 might fail to materialise. But data released by the International Grains Council (IGC) last week proved the opposite of what I had expected.

The IGC maintained its view that there are large grain supplies in the global market and that the 2020/21 season promises an even larger harvest (with the previous month’s high estimates being revised upwards).
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