IGC reduces its projection for global corn and soybean production in the 2025/26 crop year and maintains its estimate for wheat.

THE International Grains Council (IGC) revised its projections for the Global 2025/26 corn and soybean crop, according to the monthly report released this Thursday (16). Compared to the previous survey, from June 25, the entity reduced the estimates for both crops. The forecast for world wheat production was maintained. According to the report, global corn production in 2025/26 should total 1.31 billion tonsreduction of 33 million tons compared to the previous estimate of 1.343 billion tonsDespite the cut, the volume still exceeds the 2024/25 harvest, when [amount] was produced. 1.242 billion tonsFor soybeans, the IGC decreased by 1 million tons its projection for global production, now estimated at 441 million tons, before 442 million projected in June. Even so, production remains above the figures projected in June. 429 million tons recorded in the 2024/25 season. In the case of wheat, the Council maintained its estimate for the world crop at 821 million tonssame volume projected in the previous report and higher than 801 million tons harvested in the 2024/25 cycle. The report also updated the crop projections. 2026/27Global corn production has been revised to 1.306 billion tonsbelow 1.310 billion forecasts for June. For soybeans, the estimate was reduced from 442 million to 441 million tons, while the forecast for wheat was maintained at 821 million tonsIn the IGC's consolidated view, world grain production in 2026/27 was estimated at 2.422 billion tonsslightly below 2.426 billion projected in the previous month. Global ending inventories were also revised downwards, moving from 618 million to 610 million tons, primarily reflecting reductions in the outlook for corn, wheat, and soybeans. The next monthly report from IGC It is scheduled to be released on August 20th.

This text was translated by machine from Brazilian Portuguese.