Winter wheat crops in the Northern Hemisphere are breaking dormancy, while maize and soybean harvesting continues in the Southern Hemisphere. In March 2025, average export prices for grains and soybeans exhibited a mostly weaker tone, attributed to easing concerns about crop conditions in major producing countries and geopolitical developments, including escalating international trade tensions. These tensions and trade policy changes create uncertainties for producers, traders, and consumers; they pose risks of retaliatory measures and affect markets with implications for food security. Well-functioning markets are crucial for meeting food demand and ensuring access. As in past episodes of volatility and uncertainty, AMIS strives to maintain and improve transparency and ease access to information, benefiting market actors and policy-makers alike.