In February 2025, crop conditions remained generally favorable across most of the globe with some pockets of concern, most notably for maize in South America where above-average temperatures are forecasted, raising the risk of heat stress during the crop's reproductive development. Compared to February 2024, maize prices were almost 25 percent higher, while rice prices reached two year lows. FAO’s preliminary forecast for global wheat production in 2025 indicates a modest increase, with the world output projected at 796 million tonnes, a near 1 percent year on-year rise. Markets continue to be affected by uncertainty regarding international trade relations, with trade policy changes in the United States triggering responses from partners and potentially altering the global trade landscape.