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The "Fair Price" scheme involves 61,000 producers from seven states and more than 80 companies in the agribusiness chain.

In this first estimate for the 2026/27 season, corn is facing a production adjustment following the record figures of the previous season, with declines in the U.S. and Argentina that gains in Brazil and China are unable to fully offset. Soybeans, by contrast, begin the new season with a more encouraging outlook: simultaneous growth in Brazil, the U.S., and Argentina would push global production to a new all-time high.

In the April report, the outlook for corn is positive due to the recovery in the U.S., Argentina, and Ukraine, as well as increased trade. For soybeans, however, the outlook is tighter: growth in Brazil and Paraguay does not offset declines in Argentina and the U.S., leaving supply virtually unchanged.

The latest update points to greater corn availability driven by the USA and Ukraine, together with a stable soybean supply supported by the strong performance of Brazil and Paraguay.

Highlights from the USDA grain and oilseed estimates for the 2025/26 season published on February 10.

Panama and Brazil strengthen their relationship with technical cooperation for agriculture, new livestock opportunities, and a shared vision for regional trade integration.

The aim is to ensure safe and nutritious food for EU consumers and the highest standards for animal feed.

Agriculture ministers support a more flexible, market-oriented CAP, with better-targeted direct payments to strengthen food security after 2027.

Increases in production volumes were recorded for the three largest types of use (pigs, cattle, and poultry).

Moscow and Washington agree on measures on maritime security, agricultural trade, and energy infrastructure protection.

The European Commission officially adopted a regulation which grants a partial exemption for European farmers from the conditionality rule on land lying fallow.

The European Commission proposes to allow EU farmers to avail of derogations for the year 2024 from Common Agricultural Policy rules obliging them to keep certain areas non-productive.

The Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while reinforcing protection for sensitive EU agricultural products.

If projections are realized, the volume would decrease by 13.5 million tons compared to 2022/23.

Compared to the November report, estimates for world corn production and trade improved slightly, and Brazilian soybean projections were cut.

Ministers are holding a series of meetings in parliamentary committees to present the priorities of the Spanish Presidency of the Council.