Chapter 2 – Grains and Oilseed Market Dynamics
Global prices for grains and oilseeds declined as production remained ample and competition increased. Lower import demand from China also added to price pressures. For 2025, regional production shortfalls and stronger demand for maize, particularly in Southern Africa, are expected to keep local prices above export parity levels, while a rebound in soybean production and global trade tensions may introduce price volatility.
Total annual corn and wheat imports for China– December 2024
Figure 2
Source: USDA,2025.
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