The International Grains Council (IGC) has trimmed its 2025-26 world grains production and ending stocks estimates from last month.
Thanks to modest reductions in expected barley and sorghum output, the IGC’s monthly Grain Market Report on Thursday pegged total world grains production (wheat and coarse grains) at 2.376 billion tonnes. That is down 1 million from the June estimate but up a hefty 60 million from a year earlier and still a new record high.
But with production slipping, the IGC raised projected 2025-26 total grains consumption by 3 million tonnes from June to 2.376 billion – matching expected output. Ending stocks, at 582 million tonnes, are down 4 million tonnes this month, now just 1 million above the previous year and well down from 605 million in 2023-24 and 620 million in 2022-23.
World grains trade is projected to climb by 2%, boosted mainly by increased shipments to Asia, the IGC said
The IGC left its world wheat production estimate unchanged from last month at 808 million tonnes, up 8 million from a year earlier, with ending stocks revised 1 million higher to 265 million – down 5 million year-on-year.
Global corn output was also unchanged from June, holding at 1.276 billion tonnes, up a hefty 48 million from a year earlier. But with projected consumption rising, ending stocks were reduced 4 million tonnes from last month to 278 million, still up 3 million from the previous year.
For soybeans, the IGC is forecasting 2025-26 world production at 428 million tonnes, steady from last month but up 5 million from last year. Ending stocks are seen at 83 million tonnes, versus 82 million in June and 84 million in 2024-25.
