THE United States Department of Agriculture (USDA) released, this Tuesday (12), the first global projections for the 2026/27 wheat crop. According to the report WASDE In May, global cereal production is expected to reach 819.06 million tons, below the 843.84 million tons estimated for the 2025/26 season. Also at the global level, ending stocks for the 2025/26 season are expected at 279.21 million tons. For 2026/27, the USDA It projects global inventories at 275.04 million tons. The expected reduction in world production in 2026/27 mainly reflects the lower production potential among major exporters. RussiaThe world's largest wheat exporter is expected to harvest 86 million tons, down from the 90.3 million tons projected for 2025/26. Argentina It should also register a decline in the new season, with production estimated at 21.00 million tons, compared to 27.92 million tons in 2025/26. As for… European Union The projected harvest is 136.00 million tons, down from 145.11 million tons in the previous season. Australiathe USDA It projects production of 30 million tons in 2026/27, a decrease compared to the 36 million tons estimated for 2025/26. Australian exports are also expected to fall, from 26 million tons to 23 million tons. Canada It is expected to harvest 35 million tons in the new crop year, down from the 39.96 million tons projected for 2025/26. Canadian exports were estimated at 28 million tons, compared to 30 million tons in the current cycle.
United States and Brazil
Us United Statesthe USDA The US projects wheat production of 42.49 million tons in 2026/27, a volume lower than the 54.01 million tons projected for 2025/26. US ending stocks are expected to decline to 20.74 million tons in 2026/27, compared to the 25.44 million tons expected for 2025/26. Brazilthe USDA Production is projected at 6.70 million tons for the 2026/27 crop year, below the 7.87 million tons estimated for 2025/26 and the 7.89 million tons harvested in 2024/25. Brazilian wheat exports are projected at 2.00 million tons for 2026/27, slightly below the 2.10 million tons forecast for 2025/26. Imports, on the other hand, are expected to rise to 7.20 million tons, compared to the 6.60 million tons estimated for the current season.
This text was translated by machine from Brazilian Portuguese.