IGC Raises 2025-26 World Grains Production Estimate but Stocks at 12-Year Low

The International Grains Council (IGC) has raised its estimate for 2025-26 world grains production to a new record high, but ending stocks are expected to remain stuck at a 12-year low. In its monthly Grain Market Report on Thursday, the IGC pegged world total grains production (wheat and coarse grains) at 2.373 billion tonnes, up 5 million from the March estimate and now 70 million above the previous year’s output of 2.303 billion. But with the supply gain “broadly matched by increa