Photo: Reuters/Ben Nelms/File

IGC raises world crop projections

If realized, the world wheat crop will the second largest on record

Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.

IGC raises forecast for 2023-24 world wheat crop

IGC raises forecast for 2023-24 world wheat crop

U.S., Russian and Ukrainian production seen up, Australia down

Reading Time: < 1 minute The International Grains Council has raised its forecast for global wheat production in the 2023-24 season with upward revisions for Ukraine, Russia and the United States outweighing a deteriorating outlook for the crop in Australia. The inter-governmental body’s monthly update put the global wheat crop at 785 million tonnes, up from a previous forecast of […] Read more


One Canada Square (tower at centre) houses the London head office of the International Grains Council (IGC). (Iliffd/iStock/Getty Images)

Cuts to corn output drag IGC’s overall estimates lower

Wheat production estimate up, soy down

MarketsFarm — Reductions to global corn production for 2023-24 resulted in the International Grains Council cutting some of its numbers in its monthly supply and demand report issued Thursday. The London-based IGC reduced its forecast for world corn output from its September call of approximately 1.222 billion tonnes, to 1.219 billion. Although total use in […] Read more

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

IGC boosts estimates for global corn, soy production

World wheat output expected down on year

MarketsFarm — The International Grains Council (IGC) on Thursday bumped up its forecast for total global grain production for 2023-24 to a record 2.294 billion tonnes, raising outputs for corn and soybeans but reducing its call for wheat. Compared to the IGC’s April report, it added three million tonnes to its May forecast on overall […] Read more