September WASDE.  USDA's monthly estimate of world agricultural supply and demand conditions estimates projects world grain production for 2008/09 at 2194 million MT, up slightly from the August projection of 2190 MMT.  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 September 15, 2008 at 8:00 a.m.