| 2 | EU-27 | 123,500,000 | 15.4 | 12-year production low. French wheat output fell ~25% on persistent rain through harvest. Germany down ~10%. |
| 3 | India | 114,000,000 | 14.2 | Domestic consumption dominant. Periodic export bans for food security. |
| 4 | Russia | 82,500,000 | 10.4 | May frost + summer drought in Volga district trimmed forecast by ~10 MMT. World's largest exporter. |
| 5 | USA | 54,000,000 | 6.8 | HRW belt rebuilt stocks - Kansas/Oklahoma above-trend yields after three drought years. |
| 6 | Australia | 32,500,000 | 4.1 | Repeat large crop - second consecutive year above 30 MMT after 2022/23 record. La Nina recovery. |
| 7 | Canada | 34,500,000 | 4.3 | CWRS premium high-protein wheat dominant export. |
| 8 | Ukraine | 22,500,000 | 2.8 | War disruption ongoing. Black Sea Grain corridor critical. |
| 9 | Pakistan | 29,000,000 | 3.6 | Domestic consumption dominant |
| 10 | Argentina | 18,000,000 | 2.2 | Production roughly doubled from severe 2022/23 drought. |
| 12 | Kazakhstan | 13,500,000 | 1.7 | |