Grain Market Report (GMR575)
Mainly because of an increase for maize in Argentina, the forecast for total grains (wheat and coarse grains) production in 2025/26 is raised by 4m t m/m (month-on-month), to 2,474m. The consumption estimate is down by 1m t from the March GMR, with a downgraded wheat food use number (India) more than offsetting an uprated outlook for maize feeding. Owing to bigger supply and smaller usage, the closing stocks figure (aggregate of respective local marketing years) is lifted by 6m t, to 638m; including a sizeable revision for wheat.
