Overview
- Argentina exported about 60.7 million tonnes of grains and byproducts in the first half of 2026, a record volume driven by very large maize, wheat and sunflower harvests.
- Bunge became the largest registered exporter after centralizing Viterra's Argentine sales, declaring roughly 11.6 million tonnes and topping a ranking led by Cargill and Cofco.
- Maize overtook soybean in H1 export volume with roughly 23 million tonnes declared while soy equivalent exports fell around 3% year-on-year, shifting the crop mix and sales timing.
- Regional tensions in the Middle East have eased shipping through the Strait of Hormuz and pushed urea prices down, but logistics remain strained and about 600,000 tonnes of urea were reported pending shipment.
- Domestic questions over export duties, the pace of foreign-currency liquidation, and gaps in river, rail and road infrastructure are now central because they affect farmers' cash flow, planting decisions and Argentina's ability to sustain export competitiveness.