Record soybean harvest in Argentina could pressure wheat in Brazil

According to data from Scot Consultoria, "Argentina is the largest wheat producer in South America" and, after the poor 2022/23 crop, the country has registered a recovery. For the 2025/26 cycle, whose harvest began in mid-October, the consultancy reported that there is an expectation of a record production. According to the survey, the projection considers an increase in the planted area, favorable climatic conditions, and higher productivity, factors that led the Buenos Aires Grain Exchange to estimate "a historic crop of 24.0 million tons." In the 2024/25 cycle, production was 18.0 million tons. In Brazil, the wheat harvest has entered the final phase, but it remains below the historical pace. Southern states, such as Paraná, Rio Grande do Sul, and Santa Catarina, faced high precipitation, hail, and gales in some regions. Even so, Scot Consultoria highlighted that "the quality of the harvested wheat is considered good." The national crop is estimated at 7.7 million tons, a 2.6% ...