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The IGC raised its maize output estimate by 4% over four weeks and noted progress at all key origins, while barley rose 6% and sorghum followed maize higher. The USDA's ERS cut its 2024-25 world coarse grains production forecast by 1.8 million tonnes to 1.492 billion, mainly on lower corn output for Brazil and Argentina.
US maize export bids rose $11 per tonne to $226.
Lower South American corn and sorghum crops tighten export supplies, which supports feed grain prices for buyers. Higher barley output partly offsets the tightening.
world-grain.comChris LyddonFeb 25, 2025After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
