Global wheat trade remains unchanged in the new season as well - 174 million tonnes (-1.2%).

Global wheat consumption is lowered by 1 million tonnes to 741 million tonnes (+ 0.6%).

Global ending stocks of wheat are raised by 1 million tonnes to an absolute record of 249 million tonnes.

IGC raised the global corn production by 5 million tonnes to 1,034 million tonnes (-4.2%).

Global corn trade is raised by 1 million tonnes to 149 million tonnes (+ 8%).

Global corn consumptionis raised by 9 million tonnes to 1,067 million tonnes (+ 1.2%).

Global ending stocks of corn are lowered hby 5 million tonnes to 203 million tonnes (-13.6%).

Global soybean production is unchannged at 348 million tonnes (-0.6%).

Global soybean tarde is raised by 1 million tonnes to 151 million tonnes (+ 4.1%).

Global soybean consumption is raised by 4 million tonnes to 353 million tonnes (-4.4%).

Global soybean stocks are lowered by 3 million tonnes form the September's forecast to 39 million tonnes (-9.3%).

Reduction of global soybean stocks will be substantial at the end of the season. In this connection, it is very important what the new global soybean crop  will be in 2018/19. It seems South America will not have another crop like in the current season. In the summer of 2018. drought is expected in the United States. With oil remaining stable at around $ 55 - $ 60 for a barrel, the way for price growth in the oil segment will be opened.