# Argentine grain production rebounds | The Land | NSW

> Argentina's winter wheat harvest is progressing, with yields improving as harvesting moved south. Output is tracking toward a record, with the Rosario exchange raising its forecast to 22.1 million tonnes and the Buenos Aires exchange likely to revise its 21 million tonne estimate upward.

- Date: 2021-12-21 · published 2021-12-21T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14067-argentine-grain-production-rebounds-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger Argentine wheat crop adds exportable supply to global markets, which pressures wheat prices. Buyers can expect ample competitive wheat supplies.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-16 | [Global wheat production lifts \| The Land \| NSW](https://feedsoft.ai/events/68402-global-wheat-production-lifts-the-land-nsw.md) | -0.4% | -3.9% |
| WHEAT | 2021-07-27 | [Australian grain production continues to rebound from drought   \| World Grain](https://feedsoft.ai/events/46017-australian-grain-production-continues-to-rebound-from-drought-world-grain.md) | +2.8% | +3.0% |
| WHEAT | 2022-12-06 | [Production rebound in Canada sees exports bounce - Grain Central](https://feedsoft.ai/events/38194-production-rebound-in-canada-sees-exports-bounce-grain-central.md) | +9.9% | +9.2% |
| WHEAT | 2020-06-16 | [Rebound in grain production lifts wheat forecast to 26.7Mt: ABARES - Grain Central](https://feedsoft.ai/events/52584-rebound-in-grain-production-lifts-wheat-forecast-to-26-7mt-abares-grain-central.md) | +1.5% | -4.7% |
| WHEAT | 2018-10-25 | [Argentina’s wheat game in good form \| The Land \| NSW](https://feedsoft.ai/events/62501-argentina-s-wheat-game-in-good-form-the-land-nsw.md) | +0.1% | -4.2% |

## Sources

- theland.com.au: https://www.theland.com.au/story/7560110/world-watches-as-argentina-strips-its-winter-crops/

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