IGC Lowers Global Corn Production Forecast, Raises Wheat Crop
The International Grains Council (IGC) trimmed its forecast for 2025-26 global corn production by 1 MMT to 1.276 billion MT, with Ukraine’s crop downgraded to 28.6 MMT from a previous forecast of 30 MMT. Global corn production is still expected to rise 51 MMT (4.2%) from last year.
IGC raised its global wheat production forecast by 2 MMT to 808 MMT. Global wheat production is now expected to rise 9 MMT (1.1%) from last year. This month’s increase largely reflected improved crop outlooks in India and Romania.
IGC kept its 2025-26 soybean production forecast at 428 MMT, which would be up 5 MMT (1.2%) from last year.
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