Commodities
European Maize Crop Collapse Fuels Grain Price Rally
The European Commission has reduced its estimate for the 2026-27 maize crop to 51.9 million tonnes, but private analysts think production could fall below 50 million tonnes for the first time since the 1990s.
France is at the centre of the problem, with some forecasts suggesting production could halve and fall below seven million tonnes, the smallest crop since 1976.
The smaller European crop means more feedgrain will need to be imported, which should help support the wider corn market and increase competition for grain from other origins.