South Africa recorded a 17.7 million-tonne maize harvest for 2025/26, its largest on record, after the Crop Estimates Committee raised its forecast by 1% from September. The larger crop has eased supply concerns ahead of possible El Niño-related drought risk for the 2026/27 planting season, and white and yellow maize prices fell below levels seen a month earlier.
The record harvest boosts available domestic supply and has already pressured South African maize prices. It provides a buffer against potential weather-related production losses in the next season.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), 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.