IGC raises wheat crop outlook on India, Romania upgrades

up from a previous forecast of 115.1 million and the prior season’s 113.3 million. The projection is in line with a forecast issued by India’s government in late May. Romania’s wheat crop forecast was increased to 12.5 million tons, up from last month’s projection of 11.5 million and well above last season’s 10.1 million. Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia. The IGC also trimmed its forecast for 2025/26 global corn production by 1 million tons to 1.276 billion tons, with Ukraine’s crop downgraded to 28.6 million tons from a previous forecast of 30 million. The body’s forecast for global soybean production was kept at 428 million tons, up from last season’s 423 million. ...