Agricultural production is the result of a combination of two factors: financing and weather. In crop year 2015/2016, a total of approximately 2.48 billion metric tons of grain were produced worldwide –some 231 million more than in 2008-2009. After some strong advances of recent years, growth in world total grains (wheat and coarse grains) production is expected to be more modest. Given a continued rise in consumption, grains stocks are projected to retreat, but remain comfortable. Corn is leading the grains segment by a wide margin, followed by rice, wheat and barley. Global rice output is seen increasing to successive highs on gains in Asia’s leading producers, although average annual growth is expected to be slower than in recent years owing to limited potential for expanded plantings. Oilseeds production is expected to increase as key growers boost plantings in response to rising consumption and trade.
*Source: International Grains Council