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Türkiye has opened a 3 million-tonne tariff quota for corn imports with a reduced customs duty of 5% for the period from April 20 to July 31, 2026. The move comes against the backdrop of weaker production expectations, firm feed demand and rising import needs, suggesting Ankara is seeking to ease raw material pressure ahead of the new season.

USDA projects Türkiye’s 2026/27 wheat and barley crops to rebound sharply on the back of stronger autumn and winter rainfall, with wheat output rising to 19.8 million tonnes and barley to 7.0 million tonnes.

SovEcon has lowered its 2026 crop estimates for Ukraine, citing rising risks to fertilizer and fuel supplies, while leaving next-season export projections largely unchanged thanks to high carry-out stocks.

Black Sea wheat values have entered 2026 on low footing, with ample global supply and fierce exporter competition keeping rallies short lived and the market trapped in a narrow range.

Global grain markets enter February 2026 in a condition that appears deceptively calm. Production is ample, inventories are rebuilt, and prices have drifted into narrow ranges that suggest equilibrium.

A new bout of heat and below-normal rainfall is tightening moisture availability across Argentina’s main grain belt, raising concerns that 2025/26 corn and soybean yield potential could slip if widespread rains do not arrive soon.

At the recent Berlin ECE commodities conference, two major stories dominated discussions — the unexpectedly firm tone of Ukraine’s domestic corn market and the growing unease over Egypt’s state grain procurement system.

In Brazil, the corn market faces challenges with a forecasted 16% decrease in production due to area reduction.

“The grain market continues its inertial movement in an upward trend. Insignificant precipitation...