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Global grain supplies are expected to tighten in the 2026-27 marketing year despite forecasts for another large worldwide harvest, according to updated estimates from the International Grains Council. The council reduced its global grain production forecast by 4 million metric tons to 2.422 billion metric tons and lowered projected ending stocks to 610 million tons. The reductions were largely tied to smaller expected inventories of corn and wheat.
Analysts said the revisions suggest world grain markets may have less flexibility to absorb weather disruptions or geopolitical shocks.
Reuters reported that while global production remains historically high, shrinking inventories could leave importers more vulnerable to supply disruptions. The revised outlook follows the July World Agricultural Supply and Demand Estimates report, which also projected tighter corn and wheat stocks.
Global grain demand continues to be supported by feed use and food consumption growth, particularly in developing economies, while weather concerns in several key producing regions remain an important factor for commodity markets.
NAFB news service
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