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Brazil's corn production in the 2025–2026 crop year is forecast to decrease by approximately 2% from the previous year due to lower yields. However, the carryover stocks from the 2024–2025 harvest season, which performed well, will support increased exports, according to a report by the Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA).

Core tip: According to foreign media on December 28, as of the week ending December 26, 2025, the global corn market saw a mild increase, mainly reflecting strong U.S. corn export sales, a strengthening international crude oil market, and concerns over Black Sea grain exports due to the Russia-Ukraine conflict. However, the global corn supply remains ample, with a promising outlook for South American corn production, continuing to exert downward pressure. This situation of ample corn supply and strong demand has also led to a range-bound fluctuation in prices over the recent period.

The United States is pushing for access to India’s agricultural market for genetically modified (GM) soybeans and corn, a major sticking point in ongoing bilateral trade negotiations. Washington is looking for alternative markets after a sharp reduction in exports to China, while India has so far kept its market closed to GM crops, emphasizing its