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According to the International Grains Council’s (IGC) October Grain Market report, global grain production is expected to hit a record 2,315 million tons in the 2024/25 season.

International Grains Council (IGC) has shared its first 2022/23 supply and demand projections for all commodities. Noting the projections are especially tentative given the conflict in the Black Sea region, IGC cut total global grain production by 12 million tons, trade by 9 million tons and carryover stocks by 26 million tons from its 2021/22 forecast.

“In China, open air grains storage is being blamed as approximately one sixth of domestic grain – l...