The lack of a major global weather or production problem has prolonged a lower-price environment for grains and oilseeds, defining much of 2025. “The continued production cycle globally has lacked a threat to new crop production throughout the last two or three years and that extended in 2025,” said agribusiness consultant Michael Kvistad. “South America is on track for another record or near record crop of corn and soybeans and that production consistency is the framework for the realization of a sustained lower price environment for grains and oilseeds.” Kvistad said China’s role in global demand remains a key factor moving forward, even as growth has slowed. Expectations that China will purchase 12 million tons of U.S. soybeans in the 2025 crop year helped ease market concerns late in the year.
