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Total grain production is forecast to rise 4% in 2025/26, to an all-time high of 2,412m, with increases for all crops, barring rye. Total consumption is also predicted to climb to a new record, up by 50m t, to 2,395m, including gains for food, feed, and industrial uses. World stocks of grains are projected to expand by 17m t to 606m, still slightly short of the prior five-year average, including some increase in maize and barley inventories. Trade (Jul/Jun) in grains is expected to reach 438m t, up by 15m year-on-year and potentially the second highest on record.
Global soyabean production is forecast broadly steady year-on-year in 2025/26, at 429m t, as gains in South America compensate for falls elsewhere. Total use is seen advancing by 3% year-on-year as increased demand for soya derivatives across feed, food, and industrial segments boosts processing to a peak. After the prior year’s solid gain, inventories could tighten, including in the three majors. Trade is predicted at a record on firmer Asian interest.
Building on the prior year’s gains, global rice supplies are seen at a fresh record in 2025/26, with the population trend expected to boost uptake to a new peak. Inventories are projected to build, with major exporters’ reserves seen at a high of 58m t, including 50m in India. Trade in 2026 is predicted to rise by 2% year-on-year, with India accounting for 40% of overall flows.
September 18, 2025/ International Grains Council.
https://www.igc.int/
