This episode provides a global overview of the maize market as of July 20, 2025.
- Kazakhstan projects strong corn yields for 2025, with several regions, including Eskeldi, Karatal, Almaty, and Turkestan, expected to exceed long-term averages. The positive outlook is supported by sufficient moisture reserves meeting approximately 80 percent of irrigation needs. However, localized concerns remain due to temperature fluctuations and reduced precipitation during key sowing periods.
- Iran has increased its corn imports from Russia, raising Russia’s market share to 64 percent by June 2025, up from 58 percent the previous year. This allowed Iran to surpass Turkey in regional corn imports. The trend reflects broader shifts in export routes, with fewer shipments via the Black Sea and a growing reliance on the Caspian Sea.
- Russia’s corn yield for 2025 is forecast at 14.5 million tons. The southern region, despite drought concerns, expects a harvest increase to 5.2 million tons, while the central region may experience a slight drop to 6.5 million tons. Export patterns continue to adjust away from Black Sea channels.
- In the United States, corn production is projected to fall below 400 million tons, although this is partly balanced by increased export activity. Brazil faces setbacks due to delayed offseason harvests, which significantly affected early July export volumes. Nevertheless, recovery signs are emerging, particularly in northern ports, bolstered by renewed global trade interest.
- On the global stage, the maize market is shaped by the combined forces of climate variability, international trade realignments, and domestic agricultural policies. The dynamic interplay among major producers like the United States, Brazil, and Russia, along with rising importers like Iran, continues to redefine global supply and pricing conditions.
