Uruguay: Grain and Feed Annual

Wheat exports in marketing year (MY) 2026/27 are forecast to decline to 800,000 tons, driven by an anticipated reduction in planted area and production due to tight profit margins. Corn production in MY 2026/27 is projected to total 1.9 million tons with a record area expansion spurred by robust demand from the beef cattle sector. However, the MY 2025/26 corn crop, now being harvested, was severely impacted by drought, which will necessitate the importation of significant corn volumes. Rice production for MY 2026/27 is forecast to fall 9 percent, because of a reduced planted area due to higher expected production costs, slim returns, and low water levels in many reservoirs. Exports are projected to decrease 11 percent, reaching 870,000 tons on a milled basis.