Trading the Crosswinds: Macro Outlook, Trade Uncertainty & Agricultural Markets

Policy Seminar | IFPRI Policy Seminar Trading the Crosswinds: Macroeconomic Outlook, Trade Policy Uncertainty, and Agricultural Commodity Markets Co-organized by IFPRI and Agricultural Market Information System (AMIS) November 18, 2025 Prospects for global grain and oilseed production remain broadly favorable, but the agricultural trade environment continues to face significant uncertainties. Trade policy developments—including the potential for retaliatory measures—are reshaping traditional trade flows and creating challenges for market participants. These shifts are occurring alongside broader macroeconomic factors such as currency movements, rising energy prices, and demand fluctuations, all of which add complexity to global supply chains. Join us for this seminar featuring the World Bank’s latest Commodity Market Outlook, which will offer insights into the macroeconomic drivers influencing agricultural trade and price dynamics. It will include an update on short-term market fundamentals for wheat, maize, and soybeans, highlighting key developments and potential risks. Industry representatives and traders from various regions will also share how they are responding to uncertainty through risk management strategies, adjustments, and other adaptations to the evolving trade landscape. Opening Remarks Monika Tothova, Senior Economist, Food and Agriculture Organization of the United Nations (FAO); Agricultural Market Information System (AMIS) Secretary Macroeconomic Outlook Shaping Agricultural Trade and Prices John Baffes, Senior Agriculture Economist, Development Economics Prospects Group, World Bank Summary of Short-term Developments on Wheat, Maize, and Soybean Markets Alexander Karavaytsev, Senior Economist, International Grains Council Panel Discussion Moderated by Monika Tothova, Senior Economist, Food and Agriculture Organization (FAO); Agricultural Market Information System (AMIS) Secretary and Valeria Piñeiro, Regional Representative for Latin America and the Caribbean (LAC), IFPRI Scott Gerlt, Chief Economist, American Soybean Association (ASA) Dmytro Furda, Commercial Director, Tiryaki Agro (Turkiye) Raphael Blanc Vieira, Commercial Director, Agribrasil Ole Houe, Chair, Grain Trade Australia Closing Remarks Valeria Piñeiro, Regional Representative for Latin America and the Caribbean (LAC), IFPRI More about this Event: https://www.ifpri.org/event/trading-the-crosswinds-macroeconomic-outlook-trade-policy-uncertainty-and-agricultural-commodity-markets/ Subscribe IFPRI Insights newsletter and event announcements at www.ifpri.org/content/newsletter-subscription