Argentina: Grain and Feed Update

Argentine wheat exports for marketing year (MY) 2025/26 are expected at 17.5 million tons (including wheat flour in its grain equivalent), 1.5 million tons higher than the official USDA estimate. Argentine wheat is currently of regular quality and very price competitive. Barley production in MY 2025/26 is estimated at 5.6 million tons, 500,000 tons higher than the official USDA estimate. Corn production in MY 2025/26 is estimated at 58 million tons, over 9 percent higher than the USDA estimate which projects a smaller area and significantly lower yield. Depending on farmer sales activity, Argentina could export a near record volume at 40 million tons. Corn domestic consumption is surprisingly high at 18 million tons. Most livestock sectors are enjoying high returns. Argentine sorghum production in MY 2025/26 is down at 2.7 million tons due to a smaller harvested area.