 Wheat 2021 production trimmed further, mostly on lower estimates for Brazil and the UK, resulting in global production falling by nearly 1 percent from last year’s record.  Utilization in 2021/22 lowered on weaker feed use expectations, especially in the EU, but still rising by 2.0 percent from the previous season. 

 Trade in 2021/22 (July/June) to expand by 2.2 percent from the 2020/21 level, driven by robust demand, especially from the Near East to compensate for reduced harvests. 

 Stocks forecast (ending 2022) scaled up m/m but still expected to fall 1.7 percent below opening levels, with most of the drawdown concentrated among major exporters.

  Maize* production in 2021 raised on higher-than-earlier projected outputs in Ukraine and the US; global production is currently forecast to surpass last year’s level by 3.6 percent, a new record.

  Utilization forecast for 2021/22 lifted m/m, largely on a faster rise in ethanol production in the US, now resulting in a 2.6 percent growth in world total use of maize.  Trade in 2021/22 (July/June) to contract from the 2020/21 record by 1.8 percent, underpinned by weaker demand expected from China and Viet Nam.

  Stocks forecast (ending in 2022) scaled up and set to surpass opening levels by 2.5 percent, mostly reflecting higher inventories in China and a partial recovery in the US.