Argentina's much-watched soybean sowings will set a record this season, but the country is heading for a weaker wheat harvest, despite ideas of very good yields, the country's farm ministry said. In its first estimate the ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.
World corn production will be 0.5% lower than forecast last month as reduced U.S. and Brazilian crops result in smaller-than-estimated inventories, the International Grains Council reported on Thursday.