Wheat Despite the lack of rain, the Buenos Aires Grain Exchange maintains its outlook for this season’s wheat crop. As we mentioned previously, the rains in August and September were disappointing, and thus far in October they’ve been absent. Additionally, we are seeing rising temperatures and some wind in certain areas. Soil moisture maps show that only the southeast region has good surface moisture, while the rest of the country faces some degree of deficit. As shown on this forecast map, some rains are expected for the coming two weeks.

However, for some plots, it will arrive too late, with irreversible effects on yields already apparent. In fact, in the northern part of the country, harvesting has started slightly earli...