Wheat, corn production estimates down; soybeans up, IGC says
In Canada, The Western Producer reported that the International Grains Council has already released its numbers for the global wheat, corn, soybean and rice crop.
The latest IGC projections are calling for a drop in total grain production of 60 million tons. The drop could be larger due to the higher prices for fertilizers in 2026-27.
Soybean production is expected to increase by 13 million tons from last year to 441 million tons. Corn production is expected to drop by 24 million tons to 1.3 billion tons. The loss in corn area is due to the price outlook and higher fertilizer prices, according to the report.
Category: Food & Agriculture
