Forecast corn production was increased by 8 million tonnes to 1035 million tonnes, with the Increase mostly in Argentina, India and the United States. 1 million tons to 748 million tons raised the rating of the world's gross wheat harvest, mainly at the expense of the black sea countries. Last season in the world were collected 737 million tons of wheat and 971 million tons of corn.

Global feed consumption of corn will be significantly higher than expected last month. Therefore, the forecast of the global consumption of grain has been increased by 5 million tonnes to 2 054 million tonnes, which is 4% higher than in 2015/16.

World grain trade is estimated at 337 million tonnes (September forecast – 333 million tons last season – 344 MMT). Trade activity will be somewhat lower than the peak achieved last season, due to reduced exports to China. The Chinese authorities are taking measures to reduce the volume of purchases of imported grain and stimulate its own production. Due to the increase of import of wheat in India the world trade of wheat will set a record – 167 (164 and 164) mln t.

Carryover stocks of grain will increase to 498 (492 and 475) million tonnes Reserves at the world's largest exporters will rise to the highest level in the last seven years – 165 (163 and 149) million tonnes.