Brazil’s massive soybean crop may be grabbing the headlines, but there should be more attention on the difficulties with the country’s corn crop, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc.
Argentina is expected to reap 48 million tonnes of soybeans in 2025/26, the United States Department of Agriculture attaché in Buenos Aires said in a report released on Feb. 25. That’s slightly lower than the USDA’s official estimate of 48.50 million tonnes.
U.S. President Donald Trump on Friday signed a proclamation to hike the country’s low-tariff imports of Argentine beef, though economists have said the attempt to lower costs for American consumers will likely have little impact on prices.
Argentina’s beef export revenues hit a record $3.7 billion (C$5.0 billion) in 2025, up 22.3 per cent from the previous year, the country’s economy ministry said on Friday.
Prior to the January supply and demand report being released by the United States Department of Agriculture, its attachés in Argentina and Brazil issued their respective reports on oilseed production for 2025/26.
With only a few hectares left to harvest, Argentina’s wheat production is expected to exceed the country’s record wheat harvest of 22.2 million tons for the 2021/22 season by up to 25 per cent, according to official data.
China imported no soybeans from the United States for a third straight month in November, as buyers turned to South American supplies amid fears of a shortfall if the trade war with Washington dragged on.
Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.