Argentina Completes Soybean Harvest as Cold Spell Boosts Development of Wheat

By Maximilian Heath

BUENOS AIRES, July 3 (Reuters) – Argentina has completed its 2024/25 soybean harvest with a final output of 50.3 million metrics tons, up 100,000 tons from the previous season, the Buenos Aires Grains Exchange (BdeC) said in its weekly crop report on Thursday.

Argentina is the world’s largest exporter of soybean oil and meal.

The harvest concluded a season marked by drought and a heat wave during the Southern Hemisphere summer, followed by autumn rains that helped yields recover, the exchange said.

The country’s highest soybean output on record was 60.8 million tons, recorded 10 years ago, the exchange said.

For the 2024/25 corn crop, the exchange said that harvesting has progressed well due to mostly dry conditions, with 61.7% of the planted area harvested. Corn production is expected to reach 49 million tons, the agency said.

Argentina is the world’s third-largest corn exporter.

Wheat 2025/26

Meanwhile, local farmers have planted 78.2% of the planned 6.7 million hectares for the 2025/26 wheat crop, according to the exchange.

Very low temperatures have been reported in rural areas in recent days. The exchange said its collaborators believe the cold weather is benefiting grain development. Argentina is a major global wheat exporter.

(Reporting by Maximilian Heath in Buenos Aires; Editing by Matthew Lewis)