International Grains Council
  MAIZE


million tons            
11/1212/1313/1414/15
    estforecast
     25.0930.10
MAIZE
Production 877861983974980
Trade 9899120115113
Consumption 876859939959961
Carryover stocks  130132176191194
year/year change 1244 18
Major exporters a) 3233526672

(30 Oct 2014)
MAIZE (CORN):

  • Despite further upgrades to US and EU crop forecasts, world production is still placed slightly short of last year’s record, due to expected declines in China and South America.

  • Global supplies appear comfortable, particularly in the key exporters, with ending stocks forecast at their highest since 1987/88.

  • Consumption is projected to increase to a new record. With world meat production continuing to rise, competitively-priced maize should be well placed to capture additional demand.

  • During October, prices consolidated from recent sharp losses, but remained close to four-year lows. Mostly led by strength in US futures, the IGC GOI maize sub-Index was 11% higher m/m.



Supply & Demand Graph



TABLES


Supply & demand: maize


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