Taiwanese delegation will commit to buy 5 million tonnes of U.S. corn.

Company will operate as an independent subsidiary of Flowers Foods.

Corn production expected down 4% compared to 2014.

Number is above the average of trade expectations.

Total reaches 215,300 tonnes in July.

Group also says global cereal production is estimated at 2.54 billion tonnes.

Total is 6% lower than a year ago.

The agreement will support U.S. wheat exports for the next two years.

IGC revises Turkey’s 2015-16 export total upward by 900,000 tonnes.

The expansion will add 3,000 tonnes to the production line.