IGC February report adjusts world data
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In the IGC's February report, it upped global soybean ending stocks by 2.30 million tonnes. The wheat carryover was trimmed by 300,000 tonnes and the corn carryout was unchanged. Photo: Greg Berg
Glacier FarmMedia — There were several revisions made to the International Grains Council monthly supply and demand report issued on Feb. 19, most notably in soybeans.
Overall
The IGC trimmed world grain production for 2025/26 by one million tonnes at 2.46 billion.
- Total supply was cut by 3.60 million tonnes at nearly 3.05 billion.
- Total feed, industrial and feed use was lowered by one million tonnes to just short of 2.42 billion.
- Ending stocks dropped by 2.70 million tonnes at 631.10 million.
Soybeans
The IGC raised its global soybean production call for 2025/26 by 1.30 million tonnes from January, now at 428.20 million.
- Total supply was bumped up 1.40 million tonnes at 510 million.
- There was an increase to Brazilian production with two million tonnes added to its crop at 179 million. That was partly offset by an 800,000-tonne reduction to Argentina’s harvest at 47 million.
- A 900,000-tonne cut to total use brought it to 430.80 million tonnes.
- The world soybean carryover was raised 2.30 million tonnes at 79.20 million.
Wheat
For world wheat, 300,000 tonnes were shaved off of output at 841.70 million for 2025/26, as the IGC took that amount off from its call on the European Union harvest at 143.40 million.
- Total global supplies were lowered by 1.10 million tonnes at almost 1.11 billion.
- Total use was trimmed 300,000 tonnes at 822.80 million.
- Ending stocks came down 900,000 tonnes at 282.40 million.
Corn
For global corn production, the IGC upped tacked on 500,000 tonnes at 1.31 billion.
- Total supplies were raised by 700,000 tonnes at 1.60 billion.
- Total use was increased by 800,000 tonnes at nearly 1.30 billion.
- The world carryover remained at 304.80 million.
