The GEOGLAM Crop Monitor for March 2026, with conditions as of February 28, rates global wheat, maize, rice and soybean conditions as generally favourable. It flags concerns in North America, Eastern Europe, the Middle East, North Africa, East Africa, Argentina, Uruguay and parts of Sub-Saharan Africa.
Broadly favourable crop conditions point to adequate near-term supply, which limits upside pressure on feed grains and oilseeds. Localized dryness in Argentina is the main watch item for South American corn and soy.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.