IGC: Bumper corn crop expected in 2025-26

The International Grains Council (IGC) forecasts that global grains production will reach a record 2.373 billion tonnes in the 2025-26 marketing year, driven by a record corn crop of 1.274 billion tonnes, a 5% increase from the previous year. While wheat and rice projections remain relatively stable, the IGC anticipates a rise in world soybean output to a record 428 million tonnes, along with increased consumption and high inventories. Rice production is also expected to see a slight increase to 540 million tonnes. The IGC's Grain and Oilseed Price Index experienced a 1% increase from the March report, despite a 2% year-to-year decrease primarily due to a 29% drop in rice prices. This will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.

With a bumper corn crop expected, global grains production in the 2025-26 marketing year is forecast at a record 2.373 billion tonnes, according to the International Grains Council (IGC). In its April Grain Market Report, the IGC revised its corn output projection to a record 1.274 billion tonnes, while projections for wheat and rice remained roughly the same from the previous month. If realized, corn output would be 5% higher than in 2024-25 and total grains (wheat, rice and coarse grains) production would increase by 3% year on year. With supply gains broadly matched by consumption, total grains inventories are seen unchanged year on year, the IGC said. “Coarse grains stocks are forecast to build slightly, while wheat carryovers could recede for the third consecutive year,” the IGC said. The Council noted that at 424 million tonnes, “trade is expected to rise, but with volumes seen smaller than average amid muted Chinese buying interest.” Against the backdrop of record ...