Argentina grain forward sales hit record 105M tons, 25% above 5-yr avg

Argentine farmers have forward-sold over 105 million tons of grains, a record exceeding the five-year average by 25%, with 41 million tons still unsold. Growing wheat demand from Asia is supporting the pace. This signals strong global grain supply and potential downward pressure on prices, though the remaining unsold volume could tighten supply if demand persists.