Bloomberg News (Nov. 16, 2011) | Global grain stockpiles will remain low through the coming marketing year on increased demand for crops to make fuels and foods, according to Dan Basse, president of researcher AgResource Co.
Inventories including corn and wheat will fall to 385 million metric tons even as production climbs to 1.843 billion tons in the 2012-13 marketing year, Basse said today in Geneva. Corn stocks will drop to 116 million tons next year, he said. That would be the lowest level since the 2006-07 year, U.S. Department of Agriculture data show.