Smaller US, Argentine crops lead to 67-million-tonne drop in projected corn output.

Revised policy would allow yellow corn for animal feed but ban on white corn would remain.

Production expected to decrease to 45 million tonnes.

Farmers have harvested 97% of expected area for 53.7 million tonnes of grain in bunker weight.

US Air Force said facility presented a ‘significant threat’ to national security. 

Imports expected to be second-highest on market-year basis.

Coarse grains output seen lower on reduced corn production in US and EU.

FAO’s Cereal Price Index essentially unchanged in January.

Could reach an all-time high in wheat production.

NCGA hosts briefing with US Congress on economic impact of biotech corn decree.