MY 2013/14 wheat consumption is revised to 4.3 million tons from the previous forecast, down 400,000 MT due to decreased use in compound animal feed. Conversely, MY 2013/14 corn consumption forecast is revised to 9.6 million MT, up 500,000 MT, replacing feed grade wheat. MY 2013/14 corn import forecast is revised to 9.5 million MT, up 500,000 tons, of which U.S. exports are estimated at 3 million tons, up one million tons from Post’s previous forecast due to competitive prices. Rice consumption and imports remain unchanged for the previous report.
