After an auspicious climatic start for wheat 2021/22, the outlook for the following months becomes somewhat uncertain. On the other hand, good harvest prices boosted trade, which hit a record for this time of the year.

The agricultural area forecast for crop 2021/22 reaches 38.7 million hectares, 500 thousand ha over the previous crop season. If fulfilled, it would be the largest area in history, driven by the increase in international prices.

In the light of high stocks and strong foreign commitments, soybean crushing recovers in 2021. Low river water level and harvest delay: less corn in the Up River Paraná Ports.