The Farm Advisory Service’s April 2025 report highlights significant volatility in global grain markets, driven by unpredictable weather patterns and shifting trade policies. While initial forecasts for the 2025/26 season anticipate a rise in global grain production—led by increases in maize, wheat, and barley—spring weather risks remain a significant influence. In Brazil, April rainfall will be a decisive factor in determining the yield potential of the second corn crop. Elsewhere, the threat of drought or late frost in key producing areas including Europe, Russia, the US, and Brazil could disrupt production estimates and trigger price volatility.