European Union milling grade wheat may be tight despite record 2016 production

摘要

LONDON — The International Grains Council's (I.G.C.) Aug. 25 Grain Market Report predicted total world production of wheat and coarse grains will hit a record high in 2016-17 of more than 2.5 billion tonnes.Global output of soybeans and rice increasingly pointed to an all-time high as well, the I.G.C. said.But, in the European wheat sector, "the past month has seen escalating concerns about availabilities of milling grades. Ample rains boosted average yields of wheat in many places, but caused some quality downgrading," the I.G.C. said. Some market participants remained focused on "an expected shortfall in supplies of the best milling grade wheat."