Argentina to reduce wheat and corn production in 2026/27, USDA says
In Ukraine, UkrAgroConsult reported that Argentina’s wheat and corn production is expected to decline in the marketing year 2026/27 due to slightly smaller harvested areas and lower yields, according to the USDA Agricultural Attaché in Buenos Aires. The sharpest decline is forecast for wheat, with Argentina expected to drop out of the world’s top 10 wheat-producing countries.
USDA projects Argentina’s wheat crop to fall from the record 27.92 million tons harvested in 2025/26 to 21.6 million tons in 2026/27. Average yields are forecast at 3.27 t/ha, down from more than 4.1 t/ha a year earlier, while harvested area is expected to decrease from 6.8 million ha to 6.6 million ha. Wheat exports are projected to decline from 18.5 million tons to 15.5 million tons, with ending stocks falling to 2.65 million tons, according to the report.
According to USDA, the record 2025/26 wheat crop was largely the result of exceptionally favorable weather conditions. Those conditions are not expected to be repeated in the upcoming season, leading to a significant production decline and pushing Argentina out of the world’s top 10 wheat producers.
Corn production is also forecast to decrease, although less sharply than wheat. The crop is expected to reach 60.5 million tons, compared with the record 63 million tons harvested in 2025/26.
Despite the smaller harvest, Argentina’s corn exports are expected to remain relatively stable at 42.5 million tons, only 0.5 million tons below the previous season. Meanwhile, ending corn stocks are forecast to decline from 6.7 million tons to 5.6 million tons, indicating a gradual tightening of domestic supplies.
Category: Food & Agriculture
