Overview
- The Buenos Aires Grain Exchange lifted wheat output guidance to about 25.5–26 million tonnes, with reports of 9–10% protein that could trigger export discounts.
- Soybean sowing is roughly 36% complete, nine points behind last year, and early maize planting sits near 35%, with both crops described as in very good condition.
- Analyst Dante Romano projects aggregate production near 58 million tonnes and cautions that a large March–April supply could pressure prices.
- Only about 18% of expected wheat volume has price-fixed sales versus a 28% historical average, and a vessel queue near 1 million tonnes persists despite a temporary 0% export duty that supported recent shipments.
- Decades of technology gains raised national maize yields to above 80 quintals per hectare and expanded output toward 50 million tonnes, while beef production shifted heavily to feedlots, with an estimated 80–90% of cattle for domestic consumption passing through corrals.