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ING forecasts record global wheat production of about 829 million tonnes in 2025/26, up 3.5% year on year. Global wheat stocks are expected to rise by around 10 million tonnes to 271 million, with the stocks-to-use ratio edging above 33%.
ING expects a slight tightening in 2026/27 but still comfortable stocks.
Comfortable global stocks and a record crop limit the upside for wheat prices, so feed grain buyers should expect ample supply.
think.ing.comWarren PattersonDec 8, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
