USDA raises wheat forecast and lowers corn estimate for Argentina’s 2026/27 crop year.

The attaché of United States Department of Agriculture (USDA) In Buenos Aires, the outlook for Argentina's crops in the 2026/27 season was revised, raising the estimate for wheat production and reducing the forecast for the corn crop compared to the previous cycle. According to the report, wheat production is projected at 21.6 million tons, above the 2025/26 crop. The increase reflects the expansion of 200,000 hectares in the harvested area, which should reach 6.6 million hectares. According to the attaché, more favorable weather conditions in traditionally less productive regions, coupled with falling prices for agricultural inputs, encouraged producers to expand planting. "Favorable weather conditions in regions that previously had less ideal conditions, along with falling prices for essential agricultural inputs, encouraged farmers to expand late planting," the report highlights. For corn, production was estimated at 60.5 million tons, below the volume harvested in the previous season. The planted area is expected to total 8 million hectares, a reduction of 200,000 hectares compared to the 2025/26 crop, although it remains 300,000 hectares above the projection released by [source missing]. USDA In April, the attaché attributes this positive revision of the area compared to the previous estimate to the increase in the area considered for the 2025/26 crop and the recent drop in urea prices, which have returned to levels seen before the conflict between Israel and Iran, reducing production costs. In foreign trade, wheat exports in 2026/27 were projected at 15.5 million tons, an increase of 1 million tons compared to the office's previous estimate. USDA In Buenos Aires, the expectation is that the increased production will expand exportable availability, while domestic consumption remains practically stable. Corn exports were estimated at 42.5 million tons, a volume 3 million tons higher than projected in April. According to the report, shipments should follow a similar pace to that observed in the current marketing year, without significant changes in the export calendar or in the main buyer markets.

This text was translated by machine from Brazilian Portuguese.