The International Grain Council (IGC) has estimated global grain production in the 2021/22 season at 2.292 billion tons. Last month, the following season production was estimated at 2.287 billion tons. The 2020/21 harvest was estimated at 2.22 billion tons, while world corn production in the 2021/2022 season is expected to reach 1.194 billion tons, up 1.192 billion from that forecast in April, while wheat production was kept at 790 million tons. For the previous season, the Council projected 774 million tons of wheat. IGC estimates soybean production in the 21/22 season at 383 million tons, over 383 million last month and up 361 million from the previous season. The rice harvest was forecast at 511 million tons for the 2021/22 season, over 509 million in April. The figures for 2020/21 was seen at 503 million tons.
Source: Safras e Mercado (*Translated by Ia Niani)