- Trade relations between Argentina and China are improving, with China being a major buyer of U.S. soybean exports.
- Global grain prices are being influenced by US weather forecasts, highlighting the role of Argentina and China as key global grain exporters.
Global Grain Prices Slide Amid US Harvest and South American Supply Glut
What happened
Wheat tracking funds closed at a six-month low on November 9, 2026, while soybeans and corn also slipped. Traders attribute the decline to plentiful supply, driven by a large US harvest and forecasts of record soybean production in Brazil.
From riotimesonline.com
Why it matters
The combination of a large US harvest and increased South American supply puts pressure on global grain prices. Since Argentina is a major exporter, this situation creates a double-edged pressure on the region's trade.
Global grain prices are influenced by US weather forecasts, highlighting the role of Argentina and China as key global grain exporters.
From riotimesonline.com
Who's involved
- ArgentinaMajor grain exporter in South America
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- International Monetary FundSpeculative
The International Monetary Fund could see Argentina's export revenue strained, affecting fiscal health and debt obligations.
- central bankSpeculative
The central bank may need to adjust policy to manage inflation due to the market price drop.
- ChileSpeculative
Chile could see reduced regional export earnings and competitive position for grain exporters.
- ColombiaSpeculative
Colombia might face reduced regional export earnings and competitive position for grain exporters.
- MILEISpeculative
MILEI might face challenges to its economic trajectory due to falling export revenue.
- ENSOSpeculative
ENSO could see input costs and profitability affected in food-supply systems.
Keep exploring
Part of
Global grain prices are being influenced by US weather forecasts, highlighting the role of Argentina and China as key global grain exporters.Also in this story
- Global commodity prices are being influenced by China's strong demand and disruptions to Russian grain exports.
- Reuters analyzes how USDA projections regarding global grain deficits are currently influencing market trends.
The entities involved
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Argentina
country in South America