UPDATE 1-Argentina exchange raises wheat forecast to record-tying 23 million tons

(Adds detail throughout) BUENOS AIRES, Oct 8 (Reuters) – Argentina's 2025/26 wheat harvest is forecast to reach 23 million metric tons, the Rosario grains exchange said on Wednesday, raising its estimate due to high yields from abundant soil moisture. The new forecast, up from a previous 20 million tons, is a result of months of above-average rainfall in the country's main agricultural regions. If confirmed, the harvest would tie the production record set four seasons ago. "We've never seen the wheat look like this," specialists told the exchange, according to its October report. The province of Buenos Aires is currently showing the highest yields, at around 4 tons per hectare. Argentine farmers are expected to begin the harvest in the coming weeks, with the work concluding in January. The exchange held its harvest estimates for soybeans and corn at 47 million tons and a record 61 million tons, respectively. Planting for the 2025/26 corn crop is 28% complete, while soybean planting is set to begin in the second half of October. Argentina is the world's third-largest corn exporter and the leading global supplier of soybean oil and meal. (Reporting by Maximilian Heath; Writing by Kylie Madry; Editing by Natalia Siniawski and Sarah Morland)

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