At 2,310m t, the 2024/25 total grains (wheat and coarse grains) production estimate is 7m higher m/m (month-on-month), with increases for maize (mainly Brazil) and wheat (Iran). However, output will again fall short of forecast consumption, placed at 2,334m t, 6m more than projected previously. Carryovers (aggregate of respective local marketing years) are placed at a 10-year low of 581m t, 1m higher m/m.