Overview

• Wheat exports reached 2.9 million tonnes between June and September, a bimonthly record reported by the Rosario Board of Trade.
• Brazil took about 1.8 million tonnes of that wheat, or roughly 61% of the total, while Argentina also won business in atypical markets.
• Shipments to Africa exceeded 530,000 tonnes in the past four months, led by Angola at 246,000 tonnes and Kenya at 155,000 tonnes, with 310,000 tonnes sent to Indonesia and Vietnam.
• Port unloadings of wheat totaled 2.8 million tonnes in June–September, and carryover stocks are estimated near 4.7 million tonnes, easing storage needs ahead of the 2025/26 campaign.
• Soy exports are running at multi‑year highs, with a September monthly record near 1.8 million tonnes, more than 7.2 million tonnes shipped this campaign, soybean oil exports above 3.2 million tonnes, and BCR projecting up to 2 million tonnes of soy shipments in October after prices rose to about US$350 per tonne under Decreto 682.