Argentina is expected to harvest a record wheat crop of around 27.5 million tonnes in the 2025/26 season, according to an assessment by the USDA Foreign Agricultural Service. Industry observers attribute the increase to sustained investment in improved seed genetics and production technologies, combined with favourable weather conditions, including a wet winter and a relatively cool grain-maturing period.

The European Union and the Mercosur bloc — Argentina, Brazil, Paraguay and Uruguay — have signed a long-awaited free trade agreement, concluding more than 25 years of negotiations.