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Argentina Closes Record Wheat Harvest as Split Weather Shapes Summer Crop Outlook

Weak prices threaten to blunt foreign‑currency gains from larger export volumes.

Overview

  • Buenos Aires Grain Exchange confirms wheat at a national record 27.8 million tonnes with an average yield of 43.5 qq/ha, far above recent campaigns.
  • Soybean sowing covers 93.9% of the projected area with wet‑weather delays in the NEA and north‑central Santa Fe, while most planted fields remain in normal to good condition.
  • Analysts project a record national maize crop near 62 million tonnes, yet a drought hotspot in southern Córdoba is cutting early‑maize yields by roughly 30–50% in many fields.
  • The core farm belt projects 14.8 million tonnes of maize, up 20% year on year but trimmed from initial hopes after late‑December and early‑January rainfall shortfalls reduced grain filling.
  • Aggregate agroindustrial exports could reach roughly 110 million tonnes this season, though industry estimates point to only modest dollar gains given subdued international prices.