White Maize Spot Price: Down R101 to R6,770/ton on Monday, while Jul’25 remains flat at R4,291.

Yellow Maize Spot Price: Down to R5,449, with Jul’25 now at R3,999/ton.

Soybean Spot Price: Up week-on-week to R9,400, with May’25 at R7,930/ton.

Sunflower Spot Price: Down R160 to R9,710/ton, with May’25 at R9,550/ton.

Wheat Spot Price: Down to R6,080, with Dec’25 at R6,151/ton.

Maize: Prices remain supported by strong fundamentals, including good sales and low global stock levels. Soybeans: Prices remain below $10 and struggle to break through due to weak fundamentals, including excellent production conditions in Brazil and sluggish demand from China. Given the better maize prices compared to soybeans, we may see increased maize planting in the U.S. around March. If planting intentions favor maize heavily, maize prices could drop sharply, dragging local prices down as well—something to watch closely.

While most summer production areas have received good rainfall, uncertainty remains about the impact of the recent heatwave and dry conditions on crops. Late rains may result in increased sunflower planting, which could pressure sunflower prices further. My expectation is that sunflower prices will continue to decline but may recover around mid-March. Uncertainty about the size and quality of maize and soybean harvests will persist into January, likely keeping May and July prices at current levels for now. Spot prices should remain high until the end of January, as shortages continue. From early February, spot prices could start to decline as the first harvests come in. By mid-March, we usually see a temporary price spike for maize, but this year, increased U.S. maize planting may suppress prices.