International Grains Council
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Search complete. 4 mentions across 4 episodes found for "International Grains Council".
Sep 18, 2026
Doug FalconerHOST
Then, on September 16th, StatCan estimated all-wheat production at 36.12 million metric tons, down nearly 11% from the record harvest in 2025-26.
Doug FalconerHOST
The International Grains Council has trimmed its forecast for 2026-27 global corn production, with crop outlooks reduced for the United States, the European Union and India.
Doug FalconerHOST
In its monthly update, the intergovernmental body downwardly revised its forecast for 2026 global corn production by 4 million metric tonnes to 1.301 billion tonnes.
Doug FalconerHOST
The U.S. corn crop was projected a total 401.3 million metric tons, down from a previous forecast of 406.7 million and well below the prior season's 432.2 million.
Hillary MasonCORRESPONDENT
I think there's still just a lot of confusion, I feel like, This is a repeat of what we talked about last week, but we also have, you know, additional firmness in the U.S. dollar.
Hillary MasonCORRESPONDENT
And also, I think the market feels a little better about global production after USDA and the International Grains Council increased global production estimates.
Hillary MasonCORRESPONDENT
And also Australia, Canada and Argentina and the European Union so far have helped fill that Russia-Ukraine void that's helping ease global supply concerns a bit.
Hillary MasonCORRESPONDENT
We had December soft red wheat down 12.75 cents to 7.14.25. December hard red wheat down 10.75 to 7.83.75. December spring wheat down 11.25 to 7.41.25.
Bill WattsCORRESPONDENT
We did see USDA report weekly corn sales at 1.027 million for last week, sort of in the middle, maybe lower end of the range.
Bill WattsCORRESPONDENT
We saw the International Grains Council trim its forecast for 2026 global corn production by 4 million tons to 1.301 billion tons.
Bill WattsCORRESPONDENT
citing cuts to U.S. and EU production.
Bill WattsCORRESPONDENT
We finished with December corn down 3.75 cents at 5.30.5.
Brady StevensHOST
The disruption is significant because Russia and Ukraine together account for around 30% of global wheat exports.
Brady StevensHOST
The International Grain Council has consequently cut its 2026-27 world wheat production forecast by 4.3 million tonnes to 816.7 million tonnes, now around 27.5 million tonnes below last season.
Brady StevensHOST
Russia and Ukraine are expected to hold a much larger share of stocks by the end of the season, around 28% of the stocks in major exporting countries compared with 18% previously, reflecting the difficulty of getting grain out rather than its disappearance from the global balance.
Brady StevensHOST
Prices have responded, although surprisingly moderately.