Argentine wheat yields near historic highs

Argentina’s 2025/26 wheat yields are nearing historic highs thanks to abundant soil moisture, the Buenos Aires grains exchange said on Thursday, two days after it hiked up its harvest estimate to 22 million metric tones. Argentina is a major world supplier of wheat, and abundant rainfall in recent months has left ample water reserves in the South American country’s fertile soils. “This is beneficial and timely, considering that temperatures are rising and 80% of the crops have advanced to their stem elongation stage or beyond,” the exchange said in a weekly report. Argentina produced a record wheat crop of 22.4 million tons on 2021/22. Farmers are set to begin harvesting in November. Also benefiting from moist soils, corn farmers have now planted 19.8% of the 7.8 million hectares ...