The International Grains Council has lowered its forecast for the global grain production for the 2024/25 campaign by 4 million tonnes, while increasing its consumption forecast by the same amount. This has led to a widening gap between demand and supply, resulting in a expected decrease in stocks at the end of the campaign. The final stock could be the lowest in the last decade, with 576 million tonnes, a 20 million tonnes reduction from the end of the previous campaign. The reduction will impact both wheat and corn, with record levels of production and consumption being reached primarily through secondary cereals such as sorghum and oats.