The above chart has been updated using the latest released stocks-to-use estimated percentages from the Food and Agriculture Organization of the United Nations. In good news from the FAO, lower international prices and freight rates, together with lower cereal purchases, have pushed down the world food import bill in 2012 to an estimated $ 1.14 [...]
Table 1. Projected stocks-to-use ratios (in %) for Corn, Soybeans, Wheat, Cotton, Sugar and Rice for the 2012/13 Marketing Season: Note that the above numbers are projected for the 2012/13 marketing season “under normal weather conditions” and are highly subject to change. The 2012/13 marketing season for corn and soybeans begins September 1, 2012 but [...]
Under my Food Security Tab (above) I keep this ongoing global stocks-to-use ratio chart. I have just updated it with the latest FAO figures. The world is successfully ramping up food production. Coarse grains includes corn, and we all know where that disappearance is coming from.——K.M. Global stocks-to-use ratios 2006/07 2007/08 2008/09 2009/10 2010/11estim. 2011/12f’cast [...]
