This episode delivers a concise overview of recent developments in the global maize market.

• Kenya is projected to harvest 70 million 90-kilogram bags of maize in 2025, up from 67 million in 2024 and more than double the 2022 figure. This growth is attributed to the government’s fertilizer subsidy program, which has cut fertilizer costs by up to 67 percent. The Kenyan government also plans to purchase maize directly from farmers to strengthen the National Strategic Food Reserve and ensure market stability. Additionally, alignment with international environmental mandates such as the EU deforestation regulation is enhancing market competitiveness.
• Brazil recorded a 134.53 percent month-over-month increase in maize exports from Mato Grosso in August 2025, though annual exports have declined by 12.25 percent. Elevated domestic and U.S. maize supplies may pressure global prices and limit future Brazilian export volumes.
• In Russia, the Ministry of Agriculture implemented increased export duties on wheat and corn, effective September 17 to 23, 2025. These include a 327.3 ruble per ton duty on wheat and a 398.2 ruble per ton duty on corn, reinforcing the grain damper mechanism to subsidize agricultural producers.
• The United States is contending with fungal threats to corn yields in the Midwest, particularly from southern rust and tar spot. Although USDA forecasts still anticipate record yields, disease pressures have led to revised, lower yield estimates. Reports highlight reduced fungicide efficacy this season, raising concerns over profitability due to increased production costs and potential harvest delays.