Output of grains is on track for record high worldwide, IGC says

June 27, 2025 02:18 AM AEST | By EODHD

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Output of grains is on track for record high worldwide, IGC says — Image source: Kalkine Media

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[Wheat grain in a hand after good harvest of successful farmer] branex/iStock via Getty Images Global grain production is on track to hit a new record, according to the latest outlook from the International Grains Council. In its updated forecast released Thursday, the IGC projects global grain output for the 2024-25 season to reach 2.313 billion metric tons, marking a slight increase of three million tons compared with last month’s estimate. This figure edges past the current season’s estimated harvest of 2.311 billion tons, setting a new record for global grain production. The upward revision is largely attributed to stronger expectations for corn crops. The IGC now anticipates global corn production at 1.225 billion tons for the season, two million tons higher than its previous estimate, though slightly below last year’s figure of 1.233 billion tons.

Meanwhile, overall grain consumption forecasts have been raised by two million tons to 2.336 billion tons. Estimates for wheat output remain unchanged at 799 million tons. However, global rice production is now forecast at 541 million tons, reflecting improved outlooks for India’s rice harvest. Soybean production is also expected to break records, with the IGC increasing its forecast by three million tons to 423 million tons, supported by strong harvests across South America. Looking further ahead, the IGC expects global grain production to climb to 2.377 billion tons for the 2025-26 season, up two million tons from its previous forecast.

Consumption is also projected to grow, reaching 2.373 billion tons, driven by record demand for food, feed and industrial uses. The latest projections factor in updated planting data and yield expectations. MORE ON DEERE, CNH INDUSTRIAL, ETC. * United Rentals: Valuation Compression Amid Persistent Margin Pressures [https://seekingalpha.com/article/4797202-united-rentals-valuation-compression-amid-persistent-margin-pressures] * Titan International: A Downgrade For The Sake Of Safety [https://seekingalpha.com/article/4796386-titan-international-downgrade-for-safety] * Deere & Company: Agricultural Machinery Leader [https://seekingalpha.com/article/4795928-deere-and-amp-company-agricultural-machinery-leader] * Lindsay GAAP EPS of $1.78 beats by $0.37, revenue of $169.5M beats by $11.6M [https://seekingalpha.com/news/4462647-lindsay-gaap-eps-of-178-beats-by-037-revenue-of-1695m-beats-by-116m] * Lindsay Q3 2025 Earnings Preview [https://seekingalpha.com/news/4462255-lindsay-q3-2025-earnings-preview]

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