CropGPT - Maize - Week 28

This episode provides a global overview of the maize market as of July 13, 2025.In Ukraine, maize prices are dropping at the close of the season due to waning demand and a market shift toward wheat. Exports have underperformed, totaling only 85,000 tonnes, while new season prices are forecast between $200 and $202 per ton. Analysts warn that sales may stall if prices dip below $200. Drought conditions are also casting doubt on yield forecasts for the upcoming season.The U.S. maize market remains stable, though demand is fluctuating. A recent 110,000-ton export order—mainly to Mexico and Japan—was reported by the USDA. Favorable weather is supporting crop development, although localized droughts present some yield risk.Brazil's maize production is projected to rise to nearly 132 million metric tons, driven by strong second-crop output. Despite reduced demand from China and logistical issues, Brazil is looking to expand exports to alternative markets such as Iran and Egypt.Tunisia has procured 50,000 metric tons through an international tender, aimed at reinforcing national reserves. Though higher in cost, the selected bids met strict buyer specifications.China is facing a maize shortage, prompting a shift toward wheat for animal feed. Monthly maize imports have not exceeded 500,000 tons for nearly a year, potentially altering global demand forecasts and affecting USDA outlooks.In Argentina, maize is currently preferred over soybeans, supported by favorable pricing and taxation policies. While global prices remain low, local economic factors are aiding maize’s profitability.India is grappling with low maize yields, except in high-output regions like West Bengal. The government aims to expand cultivation to meet growing domestic demand driven by the poultry sector and ethanol production.