IGC maintains 2025/26 world corn and wheat crop forecasts

London | Reuters — The International Grains Council on Thursday maintained its forecast for 2025/26 global corn production with a slightly improved outlook for crops in the United States offset by downward revisions for Hungary and Romania.

The intergovernmental body, in a monthly update, forecast the global corn crop at 1.276 billion tonnes, sharply above the previous season’s 1.228 billion but broadly in line with consumption which was seen at 1.272 billion.

U.S. corn production was upwardly revised to 398.9 million tonnes from 397.4 million seen previously, while the outlook was cut for Hungary, to 4.8 million from 5.9 million, and for Romania, to 7.7 million from 8.5 million.

The IGC also kept its 2025/26 world wheat crop outlook at 808 million tonnes, a modest increase on the prior season’s 800 million but still slightly below projected consumption of 814 million tonnes.