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By Maximilian Heath
BUENOS AIRES, Aug. 20 (Reuters) – Abundant rains in recent months could push Argentina’s grain production to historic highs in the 2025/26 season, a report from the Rosario Grains Exchange showed on Wednesday.
The South American country is the world’s top exporter of soybean oil and meal, the third-largest exporter of corn and a key supplier of wheat.
Heavy August rainfall, following a wet July, has saturated the soil in the core Pampas farm belt, according to the exchange. Some areas received between 50 and 150 millimeters (2 to 6 inches) in recent days, creating excellent moisture reserves.
“This water surplus ensures optimal conditions for the recently planted wheat crop and for the upcoming soybean and corn planting season,” the exchange said. “The 2025 campaign is moving forward with a production potential that could be among the highest in history.”
Planting of the 2025/26 wheat crop is complete, with the exchange forecasting a harvest of at least 20 million metric tons.
Corn and soybeans are planted in September and October, respectively. Last season, Argentina produced 49.5 million tons of soybeans and 48.5 million tons of corn, according to data from the exchange.
(Reporting by Maximilian Heath; Writing by Paolo Laudani; Editing by Sandra Maler)
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