Argentina wheat crop seen rising on rains, fatter profit margins

Argentina’s 2025/26 wheat harvest is set to grow 10.2% versus a year earlier to 20.5 million metric tons, boosted by favorable weather and lower production costs, the head of economic studies at the Buenos Aires grains exchange said on Tuesday. Argentina is a key global wheat exporter – as well as a leading exporter of soy and corn – and this level of wheat harvest would mark its second-largest wheat production ever, just below the 22.4 million tons in the 2021/22 season. “We’re starting a year that, from a soil moisture profile perspective, clearly won’t be a limiting factor, which is very good,” said Ramiro Costa, chief economist at the exchange, announcing the first estimate for 2025/2026 production. Wheat planting, which begins in May in Argentina, is expected to see a 6.3% expansion to 6.7 million hectares. Argentina’s main agricultural regions reported higher-than-expected rainfall during March and early April, which has caused delays in the soybean harvest but has left ...