This episode outlines key developments across global maize markets.

• In France, maize crop health has deteriorated, with only 62 percent rated good or excellent—down 14 percentage points from the previous year. Rapid maturation, with 34 percent of crops reaching wax ripeness, raises concerns over yield and quality. These trends are expected to impact the market following the conclusion of barley and wheat harvests.
• Brazil continues to project a strong harvest, with estimates ranging from 137 to 150 million tons. However, maize exports are slowing due to reduced demand from China and growing domestic consumption driven by the ethanol sector. Port congestion, intensified by concurrent soybean shipments, further restricts export capacity, potentially opening opportunities for U.S. exporters.
• South Africa forecasts a 17 percent year-over-year increase in maize production to 15.03 million tons, supported by favorable summer rains. This surplus enhances export potential and has contributed to a drop in local maize prices, benefiting consumers and livestock producers.
• Argentina expects a 10 percent increase in maize planting area, despite lingering concerns over corn leafhopper pests and pressure on profit margins, which may limit technology investments. Expansion is centered in northern regions and Northern Central Cordoba.
• In the United Kingdom, persistent drought has triggered maize harvesting up to three weeks early in some areas. Accelerated crop growth due to a warm spring and early planting may affect final yields and quality.
• The United States Department of Agriculture has raised its maize production forecast for 2025-26 to a record 425.26 million tons. This will likely influence global pricing as increased ending stocks support competitive export activity, especially to markets like Mexico and Colombia.