Global wheat supplies may tighten in 2026/27, IGC says

Global wheat supplies could tighten in the 2026/27 season while corn (maize) production may also dip, the International Grains Council said on Thursday.

"Although forecasts remain tentative at this ‌time, ⁠the initial global ⁠wheat supply and demand outlook appears ​slightly tighter in 2026/27, with expectations for a reduced harvest ​and further consumption gains," the IGC said in a monthly update.

The IGC did ​not issue detailed supply ⁠and demand ‌data for the upcoming season ​with ​its release normally included in ⁠the March report.


Rising global wheat stocks in the ​2025/26 season contributed to a fall ​in prices, with Chicago futures dipping to a five-year low last October.

The IGC maintained its forecast for 2025/26 global wheat production at 842 million metric ‌tons, outstripping consumption which was projected at 823 million tons.

The intergovernmental body ​also ​kept its ⁠2025/26 world corn (maize) crop outlook at 1.313 billion tons, also above projected consumption of 1.298 billion.

"Given ​initial planted area assumptions and, assuming trend yields, next season's maize crop may also dip year on year," the IGC said.