Argentina Wheat Export Estimate Raised By USDA

USDA has raised its estimate for Argentina's wheat exports for marketing year 2021-22 (December-November) by 32.2% year on year to a record 15.2 MMT. The projection is higher than the USDA's official estimate for Argentina's wheat exports for MY 2021-22 of 13.5 MMT. It is also higher than the Buenos Aires Grain Exchange's estimate of 13.3 MMT.