China Cut Corn Wheat and Soybean forecast

The China national grain and Oils Information Centre (CNGOIC) cut corn,soybean and wheat output forecast. Most of China growing areas have been hurt by drought. They cut corn production by 1 M.Tons to 165.5 M.Tons, wheat by 0.55 M.Tons to 114.95 M.Tons and soybeans by 0.5 M.Tons to 14.5 M.Tons.