# Grains market outlook 2025/26: Big harvests, with diverging market trends | Miller Magazine

> 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.

- Date: 2025-10-13 · published 2025-10-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22476-grains-market-outlook-2025-26-big-harvests-with-diverging-market-trends-miller
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record global supplies keep wheat cheap, while solid maize demand and firm barley prices tighten feed grain availability for buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-09-19 | [Strategie Grains Raises EU Wheat Harvest, Export Outlook Again \| ESM Magazine](https://feedsoft.ai/events/57024-strategie-grains-raises-eu-wheat-harvest-export-outlook-again-esm-magazine.md) | +2.2% | +2.8% |
| WHEAT | 2025-06-30 | [Wheat Market Outlook – June 30, 2025 \| Sask Wheat](https://feedsoft.ai/events/24270-wheat-market-outlook-june-30-2025-sask-wheat.md) | -0.7% | -1.8% |
| WHEAT | 2025-03-17 | [Wheat Market Outlook – March 17, 2025 \| Sask Wheat](https://feedsoft.ai/events/5623-wheat-market-outlook-march-17-2025-sask-wheat.md) | +5.3% | +2.5% |
| WHEAT | 2026-06-01 | [SovEcon trims Russia’s current wheat export outlook, sees stronger 2026/27 potential \| Miller Magazine](https://feedsoft.ai/events/14107-sovecon-trims-russia-s-current-wheat-export-outlook-sees-stronger-2026-27.md) | -2.6% | -1.5% |
| WHEAT | 2021-06-07 | [Wheat Market Outlook – June 7th, 2021 \| Sask Wheat](https://feedsoft.ai/events/46642-wheat-market-outlook-june-7th-2021-sask-wheat.md) | +1.2% | -2.1% |
| CORN | 2022-09-29 | [COCERAL lowers forecast for EU grain harvest \| Miller Magazine](https://feedsoft.ai/events/39524-coceral-lowers-forecast-for-eu-grain-harvest-miller-magazine.md) | +1.7% | +4.0% |
| CORN | 2021-05-04 | [Morning Grains Comments 05/04/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/7701-morning-grains-comments-05-04-21-market-reports-feedlotmagazine-com.md) | +1.5% | -5.8% |
| CORN | 2023-10-30 | [Morning Grains Comments 10/30/23 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/33683-morning-grains-comments-10-30-23-market-reports-feedlotmagazine-com.md) | -3.3% | -6.3% |

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/grains-market-outlook-202526-big-harvests-with-diverging-market-trends-6446

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.