London | Reuters — The International Grains Council (IGC) on Thursday raised its forecast for 2025/26 global corn production, driven partly by a slight upward revision in the outlook for Brazil’s crop.
The inter-governmental body, in a monthly update, increased its forecast for global corn production by 3 million metric tons to 1.277 billion tons.
Brazil’s corn production was projected at 131 million tons, up from a previous forecast of 130 million.
IGC maintained its 2025/26 wheat crop outlook at 806 million tons with an upward revision for the United States (52.3 million from 50.7 million) offset by cuts for Iran (13 million from 14.5 million) and Turkey (20.4 million from 21.2 million).
“Prospects for the next grain harvest remain broadly favourable, although an unusually dry winter and early spring has reduced yield potential in parts of Near East Asia,” the report said.
— Reporting by Nigel Hunt
