August WASDE.  USDA's monthly estimate of world agricultural supply and demand conditions estimates projects world grain production for 2008/09 at 2190 million MT.  This is up about 10% from output two years ago in 2006/07.  The current projection is higher than those of past months;  for example, the projection in May for 2008/09 was 2159 MMT.

posted August 13, 2008 at 8:00 a.m.