# Argentine farmers still trust Milei and are hopeful of his electoral promises — MercoPress

> Argentine farmers are holding large stocks of harvested corn and wheat and selling only enough to cover expenses. The Rosario Board of Trade estimates the 2024/25 grain harvest at 131.1 million tonnes, up from 82.2 million the previous year.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13917-argentine-farmers-still-trust-milei-and-are-hopeful-of-his-electoral-promises
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large harvest combined with farmer hoarding creates a supply overhang that is only partly released, while lower global cereal and oilseed prices weigh on export values.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-19 | [More Corn Acres and the Prospect of Large Stocks and Low Prices - farmdoc daily](https://feedsoft.ai/events/7187-more-corn-acres-and-the-prospect-of-large-stocks-and-low-prices-farmdoc-daily.md) | +1.0% | +1.6% |
| CORN | 2024-09-30 | [Argentina to harvest 143.2 million tonnes of grains and oilseeds - Fastmarkets](https://feedsoft.ai/events/13901-argentina-to-harvest-143-2-million-tonnes-of-grains-and-oilseeds-fastmarkets.md) | +1.0% | -0.6% |
| CORN | 2026-03-31 | [Corn still king as farmers plan 95 million acres for 2026 season](https://feedsoft.ai/events/20184-corn-still-king-as-farmers-plan-95-million-acres-for-2026-season.md) | -1.0% | +1.7% |
| CORN | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +2.3% | +3.3% |
| CORN | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +2.3% | -5.5% |
| WHEAT | 2023-04-14 | [Australian farmers headed for one of their best production and export years — MercoPress](https://feedsoft.ai/events/36375-australian-farmers-headed-for-one-of-their-best-production-and-export-years.md) | +8.4% | -1.3% |
| WHEAT | 2024-11-28 | [Wheat markets fall: Harvest pressure from Argentina and](https://feedsoft.ai/events/11778-wheat-markets-fall-harvest-pressure-from-argentina-and.md) | +0.2% | +2.4% |
| WHEAT | 2024-11-26 | [Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices](https://feedsoft.ai/events/11780-improved-crop-condition-in-the-us-and-accelerated-harvest-in-australia-and.md) | -0.1% | +2.1% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2024/06/26/argentine-farmers-still-trust-milei-and-are-hopeful-of-his-electoral-promises

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.