IDAHO WHEAT COMMISSION

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Argentina Set to Double Wheat Sales to Brazil on Rebounding Crop

Argentina is poised to more than double its shipments of wheat to Brazil, displacing competitors including Russia in the key global agriculture market. Shipments of the grain commonly used in Brazilian favorite “French rolls” are likely to average 450,000 metric tons per month in 2024, according to Brazilian trader Serra Morena SA. That would push total annual trade to exceed 5 million tons and put it near historical highs. The outlook compares with about 188,000 tons a month so far this year and annual shipments of roughly 2 million, trade data through October show.

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