The AMIS Market Monitor provides a synopsis of major developments in international commodity markets, focusing on wheat, maize, rice and soybeans. The analysis is a collective assessment of the member organizations of AMIS concerning the international market situation and outlook.
Category Type
Topic
Agricultural Market Information System (AMIS) Market Monitor December 2025
/sites/default/files/2025-12/AMIS_Market_Monitor_December_2025.pdf
Dec 5th, 2025
As we close out 2025, global agricultural markets remain well supplied, while price movements across key commodities have been mixed throughout the year: rice and wheat fell below their year earlier levels, maize held steady, and soybeans strengthened. Much of the year was shaped by uncertainty surrounding trade policies, though November brought renewed optimism, especially regarding trade prospects between China and the United States. Fertilizer prices eased, yet the widening gap between input costs and crop values continues to weigh on demand. With the end of the US federal government shutdown, several reports essential for market transparency were restored. The next edition of the Market Monitor will be published on Friday, 6 February. With best wishes for a successful and prosperous 2026!
FAO Food Price Index, AMIS Market Monitor See Generally Declining Commodity Prices in October
The FAO Food Price Index fell 1.6 percent in October, driven by lower cereals, dairy, meat, and sugar prices. The October Index was 21 percent below its March 2022 peak.
Agricultural Market Information System (AMIS) Market Monitor November 2025
/sites/default/files/2025-11/AMIS_Market_Monitor_November_2025.pdf
Nov 7th, 2025
Markets for wheat, maize, rice and soybeans remain well supplied as of November. Global crop conditions remain generally favorable, though localized challenges persist. Early-season drought is affecting winter wheat sowing in China, the European Union, and Ukraine, while excessive rains are hampering maize harvesting in China and the United States. In addition, tropical storms in Viet Nam and Thailand have damaged rice crops. Despite these disruptions, prices declined for all major crops except soybeans, which saw slight gains. Fertilizer prices also eased but remain high relative to crop values, weighing on fertilizer demand. The outlook is clouded by the US government shutdown, which has been disrupting the release of crucial market reports, coupled with policy uncertainty and evolving trade policies.
Cereal, Vegetable Oil, and Fertilizer Prices Continue Decline in September: FAO Food Price Index and AMIS Market Monitor Released
Reductions in cereal and vegetable oil prices contributed to a slight decline in the FAO Food Price Index in September. The Index remains nearly 20 percent below its March 2022 peak but rose 3.4 percent from September 2024.
Agricultural Market Information System (AMIS) Market Monitor October 2025
/sites/default/files/2025-10/AMIS_Market_Monitor_October_2025.pdf
Oct 3rd, 2025
In October, wheat harvesting wraps up and the harvesting of maize and soybeans begins across the northern hemisphere. In the southern hemisphere, wheat crop is developing, and farmers are starting to plant maize and soybeans. Rice harvests are ongoing in China and Southeast Asia. Overall, crop prospects are good. In September, wheat, maize, and rice prices generally declined, owing to ample supplies and strong competition among exporters. However, soybean prices stayed firm in Brazil and the United States, balancing out price drops in Argentina caused by changes in export taxes. Despite these positive trends, ongoing trade tensions have triggered adjustments in trade flows of some commodities, with potential implications on farmers' margins in producing countries and consequently future planting decisions.
Staple food prices stable in August, but concerns over fertilizer prices, trade uncertainties remain
Global staple food prices remained largely stable in August, according to the latest FAO Food Price Index. The Index was nearly 7 percent higher than its August 2024 level but still well below the record high seen in March 2022.
Agricultural Market Information System (AMIS) Market Monitor September 2025
/sites/default/files/2025-09/AMIS_Market_Monitor_September_2025.pdf
Sep 5th, 2025
In August, wheat and rice export prices dropped to their lowest levels in years, largely due to abundant global supplies and weak demand. Meanwhile, maize and soybean prices found support from higher export premiums and robust international buying interest. Vegetable oil prices remained strong, because of increased palm oil quotes driven by steady global import needs. Nitrogen fertilizer prices climbed, especially with strong demand from India during what is usually a quiet season, while prices for phosphorus and potassium fertilizers stayed mostly steady. However, fertilizer is becoming less affordable compared to crop prices in many regions, which could lead farmers to adjust their application rates. Although the outlook for AMIS commodities remains generally positive, ongoing uncertainties in trade and biofuel policies continue to pose risks for market participants.
FAO Food Price Index Rises Marginally in June
The FAO Food Price Index rose marginally in June to reach nearly 6 percent above its June 2024 level. Declining cereal and sugar prices were balanced by increases in meat, dairy, and vegetable oil prices. The Index remained more than 20 percent below the high seen in March 2022.
Agricultural Market Information System (AMIS) Market Monitor July 2025
/sites/default/files/2025-07/AMIS_Market_Monitor_July_2025.pdf
Jul 4th, 2025
Global wheat prices edged up slightly in June, despite seasonal harvest pressure. Maize prices declined, driven by favourable crop conditions in the United States and strong export competition from South America. Rice prices fell amid subdued global demand. Soybean prices rose, supported by firm demand. Meanwhile, the EU reinstated import quotas on Ukrainian grain, and India continued its wheat export ban. Fertilizer markets also experienced volatility, largely due to instability in the Near East. Current forecasts suggest a comfortable global supply outlook for AMIS crops. However, heatwaves affecting parts of Europe, India, and the United States could constrain the yield potential, particularly of maize. While weather-related uncertainty remains a constant feature of agricultural markets, its impacts are now compounded by trade policy shifts and geopolitical tensions.
AMIS sees strong potential staple crop production in 2025, but trade, climate uncertainties remain
The FAO Food Price Index fell marginally in May but remained 6 percent higher than its May 2024 level. The decline was driven by falling cereals, sugar, and vegetable oils prices.