Argentina sees potential for record 2026/27 grains production

BUENOS AIRES: Argentina’s soybean and corn harvests are expected to rise in the 2026/27 season, potentially pushing total grains output to a fresh record, the Buenos Aires Grains Exchange said on Tuesday. Soybean production is forecast to hit 53.6 million metric tons, up from the 50.1 million tons harvested in the 2025/26 season. Corn output is seen increasing to 66 million tons, from 64 million the prior cycle.

Argentina is the world’s top exporter of soybean oil and meal, and the third-largest exporter of corn. “We are coming off the largest harvest in our history and today we see the potential to produce at those levels again,” the exchange’s general manager, Ramiro Costa, said, adding that Argentina could produce a record 157.9 million tons of grain in the 2026/27 cycle.

Costa said the forecast is not a foregone conclusion and will depend on how weather conditions and production decisions evolve in the coming months.

For 2026/27 wheat, the exchange said output would fall to 23.4 million tons, down from the 27.8 million tons produced in the previous season. Argentina is also a key global wheat supplier. Earlier this month, the Rosario grains exchange estimated Argentina’s 2026/27 soybean crop at 47.8 million tons and its corn harvest at up to 70.5 million tons.