Overview
- The Buenos Aires Grain Exchange, which presented Thursday at the A Todo Trigo congress, projected 6.5 million hectares and 21.3 million tonnes for 2026/27, a 23.4% drop from last season’s record.
- Despite some of the best soil moisture in years, the Rosario exchange sees about 500,000 fewer hectares seeded, a decline of roughly 7%.
- Soaring nitrogen costs have flipped the input‑to‑grain math, with urea near US$1,000 a tonne and wheat near US$230, and a BdeC survey finds 51% of growers plan to scale back technology.
- Millers have begun steps to import wheat, with a SENASA certificate issued and Paraguay under consideration, citing tight local supply and quality after rapid exports of the record crop.
- Tighter global harvest outlooks in the United States, Australia, the European Union and Russia are firming prices, so BdeC still pegs wheat and barley exports near US$4.603 billion despite lower volumes.