WHEAT The Argentine wheat harvest advanced 3.8 percentage points this week, bringing total progress to 20 percent of the area. Yields continued to perform well, and given tight margins after recent price declines, most harvested volumes exceeded breakeven levels. In the core production region, breakeven on rented land was roughly 5 MT/ha. Quality remained the key focus. Producers who applied lower fertilizer rates and achieved high yields generally reported weaker quality, while those who fertilized aggressively obtained both strong yields and acceptable protein levels. Exporters typically pay growers 95–97.5 percent of the agreed price within 48 hours and settle the balance at 30 days after accounting for discounts. This week, severa...