| Global food supply expectations have got a boost as the US Department of Agriculture forecast a record global wheat crop and a new high mark for US corn output. Other important US crops, including rice and soybeans, were also forecast to gain significantly, likely helping to keep a lid on the rise in global food prices in the first quarter of the year.
The USDA said US wheat production was solid, and coupled with strong increases in Russia, Ukraine and China, would take the total world crop for the 2014-2015 crop year to 716.1 million tons, up 2.0 million tons from 2013-2014......................................Full Article: Source
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