Rosario Grains Exchange Boosts Soybean and Wheat Production Estimates

Argentina's Rosario grains exchange has updated its soybean production forecast for the 2024/25 cycle to 48.5 million metric tons, citing improved yields as a key factor. This revision represents a significant increase from the previous 45.5 million ton estimate.

As a major player in the global agricultural market, Argentina holds the position of top exporter of soybean oil and meal and ranks third in corn exports, in addition to being a significant wheat producer. The exchange has also released its initial projection for the 2025/26 wheat campaign, estimating a harvest of 21 million tons, up from 20.1 million tons in the 2024/25 cycle.

In a notable development, farmers are expected to sow 7.2 million hectares of wheat—the largest area planted in the past 15 years—starting within the coming weeks in Argentina.

(With inputs from agencies.)