Focus on Argentina

Wheat production in 2025-26 is estimated at 23 million tons, thanks to unprecedented rains that provided good soil moisture, according to the Rosario Cereal Exchange. The price of the harvest has continued to fall since July, it indicated, and as of October 15, price coverage stood at 15% of the expected harvest, half the average for this time of year. "The combination of a substantial increase in exportable supply and a change in the purchasing market by one of the world's largest importers, China, largely explains the current market trend," the exchange declared in a report on October 17. "This is compounded by even lower corn prices, which compete in part with wheat for animal feed." The United States signed a $20 billion economic stabilization agreement with Argentina on October 21 to boost the national economy. A capital flight from the peso in September, following concerns about support for free-market reforms pushed by the government, forced the government to use a ...