Buenos Aires | Reuters — Argentina’s 2025/26 wheat crop is projected to reach a record level, the Rosario Grains Exchange said on Wednesday, as the crop records higher yields during the ongoing harvest.
The exchange raised its forecast for the crop to 24.5 million metric tons, a hike of 1.5 million tons from its estimate last month.
If the forecast holds true, the harvest will surpass the previous record of 23 million tons collected four years ago.
In its monthly crop report, the exchange described the current wheat season as a “mega-campaign,” even more significant than the “super-campaign” of 2021/22.
Read Also
U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data
Chicago Board of Trade soybean futures rose on Thursday to their highest in nearly 17 months as traders awaited a U.S. government crop report that was expected to lower yield estimates, while also bracing for the resumption of export data to give clues on Chinese buying.
Producers in Argentina, a major global wheat exporter, have already harvested 15 per cent of the planted area, the exchange said, noting record yields in the country’s three most important farming provinces.
Argentina’s wheat crop benefited from above-average rainfall during its critical development stage, with the exchange’s report also highlighting agricultural sector’s significant investment in technology this season, particularly in seeds and disease control.
For Argentina’s 2025/26 corn and soybean crops, the exchange maintained its harvest estimates at 61 million and 47 million tons, respectively. The report also indicated that local farmers have planted 40 per cent of the expected corn area and 10 per cent of the soybean area.
— Reporting by Maximilian Heath
