The Agricultural Market Information System (AMIS) has released the third edition of its monthly Market Monitor. The report examines global agricultural market and price trends.

This third edition finds that the global supply and demand balance for wheat and maize continues to tighten; however, the balance for rice and soybeans is easing. Wheat forecasts have been impacted in recent weeks by unfavorable weather in several winter-wheat growing areas in the northern hemisphere. Conflicting reports regarding Ukraine's proposed wheat export ban have also complicated the market.

Rice production is set to surpass the 2011 global record, according to the report. Rice trade activities are also expected to reach record highs in 2012, with even higher trade possible for 2013. Soybean production is expected to rebound thanks to anticipated record harvests in early 2013; this will also lead to a significant expansion in trade activities, with higher exports from South America leading the way.

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