Global coarse grain ending stocks for 2013-2014 are projected down 2.6 million tons this month to 183.6 million. Foreign countries account for slightly less than half the decline, down 1.2 million tons to 130.4 million.
China’s corn ending stock prospects are cut 2.4 million tons, due to reduced 2012-2013 production. Corn stocks for South Africa are projected down 0.1 million due to strong exports, and Tunisia’s barley stocks are forecast down 0.1 million tons because of reduced production.
There are smaller reductions for projected coarse grain stocks in Mexico and Nigeria. Partly offsetting the reductions are increased coarse grain stocks for the EU, up 0.4 million tons to 12.1 million, mostly due to increased barley production. Indonesia’s corn stocks are projected up 0.1 million tons due to strong imports.