Global Coarse Grain Production Prospects Reduced
17 February 2012
GLOBAL - World coarse grain production in 2011/12 is projected at 1,142.2 million tons, down 3.4 million this month mostly due to reduced prospects in Argentina.
Global corn production is forecast down 4.0 million tons to 864.1 million, and sorghum is reduced 0.1 million tons to 60.6 million, but barley prospects are increased 0.6 million tons to 134.0 million and oats are up 0.1 million tons to 23.2 million.
In Argentina, crop damage was confirmed for corn and sorghum. While crucial rains and milder temperatures in the latter half of January allowed filling corn and sorghum to recoup some loses, rainfall for the month was below normal in most of the key growing areas, and temperatures averaged above normal.
While the drought in South America during December and January extended into Southern Brazil, damaging production prospects for first-crop corn, favorable conditions for the second crop are offsetting, leaving total projected corn production unchanged this month. In Paraguay, however, corn production losses will not be offset, and 2011/12 area and yield prospects are reduced this month, cutting production 0.35 million tons to 1.65 million.
In Australia, ample summer rains in Queensland and Northern New South Wales improved sorghum yield prospects, boosting 2011/12 production 0.2 million tons to 2.6 million. The Philippines reported increased corn plantings, increasing projected production 0.14 million tons to 7.14 million.
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