Global wheat stocks fall as consumption climbs, says USDA

The US Department of Agriculture (USDA) has updated its wheat outlook for the 2025-26 season. The revised forecast points to lower global wheat stocks and higher consumption. The harvest estimate is only slightly higher than the previous May forecast. Record harvest maintained USDA expects a global wheat harvest of 808.59 million tons. In May, this figure stood at 808.52 million tons – still a record harvest. EU wheat output rises According to the latest WASDE repor