Focus on Argentina
Argentina is preparing for a bumper wheat crop, matching the record set in 2021-22, but prices are lagging and the government is trying to stabilize the nation’s economy, which is in a currency crisis, with help from the United States. Wheat production in 2025-26 is estimated at 23 million tonnes, thanks to unprecedented rainfall that...
US-China deal opens door for soybeans
After months of negotiations and no 2025-26 marketing year purchases of soybeans until earlier this week, the United States and China on Oct. 30 agreed to a new trade framework that will forestall massive tariff increases set to begin in November. The United States will lower its cumulative tariff rate on Chinese goods to 47%...
IGC: Bumper corn crop expected in 2025-26
With a bumper corn crop expected, the International Grains Council (IGC) forecasts global grains production in the 2025-26 marketing year at a record 2.373 billion tonnes. In its April Grain Market Report, the IGC revised its corn output projection to a record 1.274 billion tonnes, while forecasts for wheat and rice remained roughly the same...