This episode provides a global overview of the maize (corn) market.
- In the United States, corn production is forecast to reach 425.26 million metric tons for 2025, driven by favorable Midwest weather and increased acreage. Projected yields stand at 188.8 bushels per acre. Domestic consumption is expected to remain steady at 332.25 million tons, while exports could rise to 73.03 million tons. Strong demand from Mexico and Asia Pacific nations supports this outlook, although concerns over potential oversupply may prompt considerations for government intervention.
- Brazil anticipates corn output of 137 million tons, bolstered by a successful second crop. However, the resulting surplus has led to port congestion and falling prices on the B3 exchange. Despite logistical issues, Brazil continues to grow its market share in Asia, supported by competitive pricing and geographic proximity. Still, uncertainties such as a potential drop in Chinese demand pose risks to sustained export growth.
- The European Union has revised its 2025-2026 corn production forecast down to 57.6 million tons, a 3.4% year-over-year decrease. While imports are projected to reach 18.8 million tons, this marks a slight decline from the previous season. These adjustments could affect the regional supply-demand balance and influence broader market pricing.
- Mexico remains a vital importer of U.S. corn, maintaining high import volumes due to efficient logistics, despite domestic inconsistencies in crop moisture conditions.
