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On May 27, 2025, the Indian Metrological Department forecast an above-normal precipitation in the upcoming 2025 monsoon in most parts of the country.
Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.
The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
Brazil’s corn planted area and production for MY 2025/26 are expected to increase. Low stocks and strong demand led corn prices to high levels in the domestic market, growing producers’ sowing outlooks.
India is on course to hit its third record wheat crop in MY 2025/2026 forecast on higher planting and optimal growing conditions.
Corn prices in Brazil have been rising in recent months, driven by factors such as the increased prices in international markets and the devaluation of the Brazilian Real. As a result, corn production for MY 2024/25 (March 2025 – February 2026) is...
On September 25, 2024, India’s Ministry of Agriculture and Farmers Welfare (MoAFW) released final production estimates of major crops for Indian crop year (ICY) 2023/2024 (July-June). MoAFW estimated grain production at a record 332.3 million metric tons (MMT) due to record production of rice and wheat.
With the expected end of the El Niño weather phenomenon, which severely impacted corn productivity this 2023/24 harvest, Post forecasts a year-on-year increase in corn production for MY 2024/25 (March 2025 – February 2026) at 127 MMT.
On June 4, 2024, the Indian government released the third advance estimate for Indian crop year (ICY) 2023/2024 (July-June) estimating grain production at 328.85 million metric tons (MMT), marginally below last year level.
Brazil consumes over 12 million tons of wheat and wheat-based products per year, which is more than the country's national production of roughly 9.5 million tons.
On April 15, 2024, the Indian Metrological Department (IMD) predicted above normal 2024 monsoon rains. FAS New Delhi (Post) market year (MY) 2024/2025 (April-March) wheat production is forecast at a record 114 million metric tons (MMT), same as the U.S. Department of Agriculture (USDA) official forecast, on higher than initially expected yields in the northern Indian states due to favorable weather through the harvest.
The Brazilian Government announced the elimination of import taxes on paddy rice (100610), husked/brown rice (100620), and milled rice (100630) for all countries.