Argentina: Oilseeds and Products Annual

Post forecasts Argentina's soybean production at 49 MMT in MY2026/27 on slightly higher area, with yields returning to more typical levels following the current season's strong performance. Crush is projected to ease slightly to 42 MMT as margins soften, resulting in marginally lower soymeal production (31.9 MMT) while exports remain strong at 30 MMT. Soybean oil production and exports are forecast largely unchanged, supported by firm global vegetable oil demand. Post forecasts Argentina's sunflower area to expand by approximately 14 percent in MY2026/27 to 3.3 million hectares, continuing a multi-year upward trend following already strong gains in the previous two seasons. Peanut production is forecast to recover to 1.5 MMT as area stabilizes following last year's decline, though exports are expected to decrease slightly on weaker demand. Argentina's oilseed sector remains highly export-oriented, with global vegetable oil demand expected to drive crush and trade in the coming year.