date:Apr 12, 2013
we could see prices trending downwards.
Grain prices, which touched record highs late last summer, have been under pressure recently as acreage dedicated to crops has increased, reserves look fatter than previously thought, and livestock producers have cut herd sizes due to high feed costs.
Higher Output
FAO maintained its forecast for world wheat production in 2013 at 690 million tonnes, up 4.4 percent from last year. It expected world cereal stocks at the close of seasons ending in 2013 to