BUENOS AIRES, ARGENTINA — Argentina’s soybean crop is expected to rebound in the 2023-24 crop year to an estimated 50 million tonnes, up from 21 million tonnes last season, according to a Sept. 7 report from the Buenos Aires grain exchange.

The country is a top exporter of processed soybeans and also a major corn and wheat supplier. A historic drought sharply reduced production last season.

Corn production is forecast at 55 million tonnes, up from 34 million tonnes in 2022-23 while wheat production is estimated at 16.5 million tonnes, up from 12.2 million tonnes.