en.Wedoany.com Reported - The U.S. Department of Agriculture's Foreign Agricultural Service (FAS) forecasts that Argentina's wheat production for the 2026-27 marketing year will fall 25% from last year's record 27.8 million tons to 20.7 million tons. Yields are expected to be 3.2 tons per hectare, down from 4.3 tons per hectare in the previous season but above the historical average. The FAS stated: "Given the current profitability environment, producers are expected to reduce the use of key inputs, especially fertilizers, which could limit yield potential." Exports are forecasted at 14.5 million tons, down from 19 million tons in 2025-26.

Corn production in Argentina for 2026-27 is expected to be 56.5 million tons, down 7% from the previous year, roughly in line with the average of the past eight quarters. Corn exports are forecasted at 39.5 million tons, a reduction of 1.5 million tons, but still among the top three in history. The FAS noted: "Argentina remains the world's third-largest corn exporter, behind only the United States and Brazil." Domestic corn consumption is projected to reach a record 19.1 million tons, driven by growth in the feed and ethanol industries. Rising global oil prices have prompted the government to increase the ethanol blending rate from a voluntary 12% to 15%, which the FAS says could represent a 25% potential increase in ethanol demand.

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