
The IGC projects a third straight record global grain harvest for 2025/26 at 2.4 bn tonnes, with record wheat at 819 Mt and maize at 1.3 bn tonnes. Wheat prices are near five-year lows, maize has firm international demand, and barley prices remain unseasonably strong as Black Sea farmers hold back sales.
Record global supplies keep wheat cheap, while solid maize demand and firm barley prices tighten feed grain availability for buyers.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not 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.