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Post maintains its earlier wheat and barley forecasts for 2017/18. Customs duties on wheat are expected to remain at current levels through the end of 2017.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
For MY 2016/17, Post estimates cereal production at 4.7 million MT, about 58 percent lower than the record harvest in MY 2015/16.