Global prices for AMIS crops are currently lower than they were a year ago. The maize subindex has declined by 1.5%, while wheat and rice prices have fallen by approximately 10%, and soybean prices have dropped by nearly 20%. This indicates a relatively stable global market situation for the current marketing season.

However, uncertainties persist, particularly concerning potential shifts in U.S. trade policies and the reactions from trading partners. With 2024 projected to be the warmest year on record, variations in rainfall and temperature are expected to have mixed impacts on crop yields, varying by commodity and region.