Rains Improve Moisture Reserves for Argentina Wheat, Grains Exchange Says

By Maximilian Heath

BUENOS AIRES, July 31 (Reuters) – Recent rainfall in Argentina has improved soil moisture reserves for the country’s 2025/26 wheat crop, with nearly all of the planted area now in normal to optimal condition, the Buenos Aires Grains Exchange said on Thursday.

Argentina is a major global wheat exporter. Farmers have already planted 98.3% of the estimated 6.7 million hectares (16.6 million acres) for the crop, according to the grains exchange.

“78.7% of the grain is developing under adequate to optimal moisture conditions, and 96.9% is in normal to excellent crop conditions,” thanks to the extended rainfall, the exchange said in its weekly crop report.

Last season, 6.3 million hectares of wheat were planted in Argentina, producing 18.6 million metric tons of the grain, according to the exchange.

Separately, the exchange reported that the 2024/25 corn harvest is 88% complete and maintained its production estimate of 49 million tons. Argentina is the world’s third-largest exporter of the grain.

(Reporting by Maximilian Heath; Editing by Rod Nickel)