In its most recent crop monitoring report in November, the International Grains Council (IGC) predicts that world production of grain [soyabeans, corn, wheat and rice] in the 2017/18 crop is expected to reach to 2.079 billion tons. In turn, production for the 2016/17 season, which is ending, is expected to reach 2.134 b / ton. The council raised the estimate for the global grain trade in the 2017/18 crop to 359 mln / ton, 6 mln / ton above the projection for the 2016/17 crop. World consumption will also grow in the 2017/18 season compared to the previous one, jumping from 2,091 bi / ton in the 2016/17 crop to 2,107 bi / ton the next. According to the IGC, global stocks at the end of the 2017/18 period are expected to be around 496 mln / ton, 27 mln / ton less than expected for the 2016/17 crop.