Global wheat harvest will be bigger than expected, grain council claims

THE global wheat harvest will be bigger than expected after the outlook for production improved in Russia and the European Union, the International Grains Council said.

Farmers will reap 674 million metric tons of wheat in the 12 months through next June, 8m tons more than estimated last month, the London-based council said in a report yesterday.

Corn output will reach 859m tons, 1m tons more than earlier forecast.