This episode provides a global overview of the maize market as of July 13, 2025.

• In Ukraine, maize prices are dropping at the close of the season due to waning demand and a market shift toward wheat. Exports have underperformed, totaling only 85,000 tonnes, while new season prices are forecast between $200 and $202 per ton. Analysts warn that sales may stall if prices dip below $200. Drought conditions are also casting doubt on yield forecasts for the upcoming season.
• The U.S. maize market remains stable, though demand is fluctuating. A recent 110,000-ton export order—mainly to Mexico and Japan—was reported by the USDA. Favorable weather is supporting crop development, although localized droughts present some yield risk.
• Brazil's maize production is projected to rise to nearly 132 million metric tons, driven by strong second-crop output. Despite reduced demand from China and logistical issues, Brazil is looking to expand exports to alternative markets such as Iran and Egypt.
• Tunisia has procured 50,000 metric tons through an international tender, aimed at reinforcing national reserves. Though higher in cost, the selected bids met strict buyer specifications.
• China is facing a maize shortage, prompting a shift toward wheat for animal feed. Monthly maize imports have not exceeded 500,000 tons for nearly a year, potentially altering global demand forecasts and affecting USDA outlooks.
• In Argentina, maize is currently preferred over soybeans, supported by favorable pricing and taxation policies. While global prices remain low, local economic factors are aiding maize’s profitability.
• India is grappling with low maize yields, except in high-output regions like West Bengal. The government aims to expand cultivation to meet growing domestic demand driven by the poultry sector and ethanol production.