Updated estimates of the global corn market for the 2025/26 marketing year indicate further expansion of key indicators. Analysts expect an increase in both production and international trade volumes, as well as an increase in ending stocks.

According to the new forecast, global corn production in the 2025/26 MY will increase by 3.6 million tons and reach 1,301.1 million tons. The main drivers of this increase were India, South Africa (an increase of 0.8 million tons to 17.3 million tons), Indonesia and Russia, where production increased by 0.3 million tons and reached 14.8 million tons.

At the same time, part of this growth was partially offset by a reduction in production in Uruguay. Despite this, the overall global trend remains positive due to strong dynamics in key regions.

Global corn trade is also showing moderate growth. The export forecast for 2025/26 MY has been increased by 0.4 million tonnes to 207.3 million tonnes. Changes in trade flows are associated with increased supplies from India, Russia and South Africa.

These positive adjustments are partially offset by reduced exports from Pakistan and Uruguay, which maintains balance on the global market.

Separately, analysts have raised the forecast for world ending corn stocks. In the 2025/26 marketing year, they are expected to be at 294.8 million tonnes, which is 2.1 million tonnes more than in the previous estimate.

Overall, the market situation indicates a gradual accumulation of resources and stabilization of global supply, which may affect price dynamics in the coming months. At the same time, individual regional imbalances remain an important risk factor for the market.