The International Grains Council (IGC) expects world grain production to reach a record 2,368 million tonnes next season.
World wheat production will increase to 665.2 million tonnes (+6.2 million tonnes compared to the current season), and corn to 1,269.1 million tonnes (+52.2).
The increase in world grain production is reportedly partially offset by low opening stocks, so supply in the 2025/26 season will grow by only 1%.
World consumption will increase to 2,367 (+30.4) million tonnes.
Despite the significant increase in consumption, carryover stocks will increase to 578 million tonnes, including in the main exporting countries. The increase to the previous forecast was 1.4 million tonnes.
World trade is expected to recover, but will remain well below previous peaks. The IGC estimates world grain exports next season at 423.7 (+7.4) million tonnes.
The IGC also raised its forecast for world grain production this season by 4 million to 2,306 million tonnes due to revised harvest forecasts in South America. Last season, the world harvested 2,310 million tonnes of grain.
The council’s latest report focused on soybean production this season. According to forecasts, world production of the bean will increase by 5% to a record 418 million tonnes, due to strong harvests in the US and Brazil.
