Led by upward revisions for wheat and barley, the forecast for world total grains (wheat and coarse grains) production in 2025/26 is boosted by 8m t m/m (month-on-month), to 2,412m, up by 4% y/y (year-on-year). Despite unusually small carry-in stocks, the record crop will lift total supply above 3,000m t for the first time ever.