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The US Department of Agriculture’s October 9 World Agricultural Supply and Demand Estimates (WASDE) report put projected 2026/27 world ending stocks of total grains at 787.84 million tonnes, up from 778.32 million in September. Its world grain trade forecast for the same marketing year was lowered from 527.85 million to 524.23 million tonnes. This is a global supply-and-demand outlook, distinct in scale from the report’s individual US production estimates.

For wheat, projected world trade was cut by 2.80 million tonnes from September to 208.97 million, while production was nearly unchanged at about 822.4 million tonnes. The oilseeds production forecast fell from 723.46 million to 722.20 million tonnes, and projected vegetable-oil ending stocks declined from 30.80 million to 29.92 million tonnes. These are USDA projections for 2026/27, not realized sales or harvest measurements.