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IGC cuts forecast for 2019/2020 world corn production  

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The inter-governmental body cut its global corn (maize) crop forecast in its in a monthly update by 23 million tonnes to 1.095 billion tonnes with a diminished outlook for US production following planting delays partially offset by improved prospects in Ukraine and the European Union.

The council increased its forecast for 2019/20 world wheat production by 3 million tonnes to 769 million tonnes.

Copyright Reuters, 2019