Argentina’s 2025/26 wheat harvest is forecast to hit a record 27.8 million metric tons, the Buenos Aires Grains Exchange said on Tuesday, lifting its estimate from 27.1 million tons due to persistent high yields as harvesting nears completion.

• If the outlook is confirmed, the 2025/26 cycle would surpass the current record of 22.4 million tons, reached four years ago.
• Only 7.2% of Argentina’s 2025/26 wheat area is still to be harvested, according to the exchange.
• Argentina’s 2025/26 wheat season was boosted by favorable weather throughout the cycle.

SOYBEAN AND CORN

• Farmers in Argentina have planted 82% of the estimated 2025/26 soybean area and 84.2% of the corn area, the exchange said.
• Argentina is the world’s third largest exporter of corn and the largest global supplier of soybean oil and meal.
• The exchange kept estimates for Argentina’s 2025/26 soybean and corn area unchanged at 17.6 million hectares and 6.7 million hectares, respectively.
  Source: Reuters