The historic wheat harvest that would be part of it 27.1 and 27.7 million tons, According to various private estimates, it will bring record exports.
December, the first month of the 2025/26 cereals commercial campaign, is showing the first signs of this, as the estimates of the Rosario Stock Exchange (BCR) point out that some 2.48 million tonsRecord volume for the month.
So these are almost 2.5 million tons.”doubles the previous year’s volume and even exceeds the previous high of 2.3 million tons in December 2021,” the exchange company said.
Regarding prices, the BCR assured that Argentina is currently registered the most competitive FOB wheat price in the world“which gives a boost to grain shipments that are not only finding a market in the traditional Brazilian market, but are also being shipped to much more distant countries such as Southeast Asia.”
In particular, China has completed its first wheat purchases Argentina in three decades, where the Asian giant usually tends to rely mainly on Australian production, has historically been more convenient due to the geographical proximity between the countries.
Brazil is the main destination for Argentine wheat, but has lost the podium so far in December at the hands of Indonesiawhich acquired 460,000 tons, followed by Vietnam with 410,000 tons, which puts our neighboring country in third place with 400,000 tons.
“If you add Bangladesh With fourth place (with 340,000 tons), the three Asian countries would account for half of the wheat shipments estimated for the last month of the year,” the BCR highlighted.
According to the Rosario Stock Exchange, this panorama “marks the trend of the Argentine market.” to meet demand for more distant destinations this time of year.”
“The high diversification of destinations and the significant shipping volumes to buyers, which are not so common at this time of year, are one reason Good news for Argentine wheatsince the high price competitiveness allows us to place the rich offer resulting from the historic campaign that Argentina is going through,” he concluded.
Despite record deliveries, there is no good news regarding prices. “While the 2025/26 harvest will make history in Argentina, The fields in the rest of the world have performed excellently and more importantly, seven of the top eight exporting countries increased their production this year.”
According to estimates by the private agency Sovecon, in Russia 88.8 million tons of wheat would have been grown Australia A campaign targeting 37 million tonnes ends the harvest.
Finally in the European UnionAfter a fateful cycle in 2024/25, the grain harvest rose to 144 million tons.
This means that the Argentine harvest represents a record, The volume is also historic worldwidewhich leads to strong price pressure due to the wide range of products on offer.
When evaluating export values, the Argentine FOB is the cheapest and is between US$198 and US$205 per tondepending on the negotiated protein content.
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