Global markets look set for another comfortable season in 2017/18. World wheat production is forecast to fall below the 2016 record, but aided by large carryover stocks, wheat markets should remain adequately supplied. Given a record crop on the horizon, maize markets remain generally calm. A small increase in global production is expected to keep rice supplies ample, although reserves held by the major rice exporters may fall to a 10-year low. While early indications suggest a small drop in production of soybeans, large carryover stocks and ample export availabilities provide a buffer against the projected fall in production.