THE Rosario Stock Exchange (BCR) Argentina has revised upwards its estimate for the 2025/26 soybean crop. In a report released this Wednesday (10), the entity raised its production projection from 50 million to 51.5 million tons. With 96% of the area already harvested, the new estimate represents a 9.5% increase compared to the initial projections for the season. According to the BCR, the revision was motivated by improved weather conditions in the country's main producing regions, which resulted in productivity gains. The national average yield was estimated at 32.1 quintals per hectare. For corn, the exchange maintained its projection at 68 million tons, a volume that, if confirmed, will represent the largest harvest in Argentina's history. To date, about 55% of the cultivated area has already been harvested. The estimate considers an area of 8.5 million hectares destined for commercial cereal production. The projected volume exceeds the previous harvest by 36% and is about 30% above the previous record of 52.5 million tons, registered two years ago. The BCR also released its first projection for the 2026/27 Argentine wheat harvest, estimated at 20 million tons. The planted area is expected to reach 6.82 million hectares, representing the fourth largest planting in the last 17 years. Considering a national average productivity of 30.5 quintals per hectare and an unharvested area of approximately 250,000 hectares, production could reach 20 million tons under normal weather conditions. Despite the productive potential, the entity warns of challenges related to production costs, especially fertilizers, given the use of urea as the main input. The BCR also highlights that planting conditions are among the best of the last decade, favored by high soil moisture levels. Furthermore, there is an expectation of sustained international wheat prices in light of weather problems faced by major global producers such as the United States, France, and Australia.
This text was translated by machine from Brazilian Portuguese.