IGC raised its global soybean production forecast for 2022/23 to 390million tons
The International Grain Council (IGC) released its latest monthly report, raising the global soybean production forecast for 2022/23 by 3million tons to 390million tons; Increase the global soybean consumption in 2022/23 by 2million tons to 376million tons; Reduce the global soybean ending inventory of 2022/23 by 2million tons to 56million tons; Maintain the global soybean trade volume to 166 million tons in 2022/23; The global corn production in 2022/23 will be increased from 1.184 billion tons to 1.190 billion tons. Maintain the global wheat output to 769million tons in 2022/23.
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