The IGC kept its forecast for world corn (maize) production

The IGC kept its forecast for world corn (maize) production in 2018/19 at 1.052 billion tonnes, slightly above the prior seasons 1.044 billion, but a second successive global deficit was expected with consumption seen at 1.098 billion. A projected increase in maize largely hinges on a recovery in output in South America where planting for 2018/19 is still some months away.