Argentina grains exchange holds soy, corn forecasts after February rains
BUENOS AIRES, March 11 (Reuters) - Argentina's Rosario grains exchange (BCR) on Wednesday maintained its soybean and corn production forecasts after widespread February rains helped stabilize crop conditions across key growing regions.
The monthly crop report kept its 2025/26 soybean forecast at 48 million tons and corn at 62 million tons.
Argentina is the world's largest exporter of soybean oil and meal and the world's third-largest corn exporter.
February rains exceeded average levels in the Pampas region's west and center-north, supporting soybeans and late corn, BCR said.
But the grains exchange said some areas of Buenos Aires province still face water shortages.
Some Argentine farmers have already begun harvesting corn; soybean harvest starts in April.
Wheat 2025/26 production estimate updated to 29.5 million tons; harvest ended in January.
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