World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Last week, the Argentine government, exporters, and wheat millers met to discuss the wheat supply and demand situation. The meeting was only the first of what is expected to be a series of meetings to analyze the wheat situation and the tight supply and demand relationship. No policy measures have been taken yet, but there will be new meetings soon.  Before the meeting, the futures market dropped some $20/MT as traders expected some reduction in the exportable balance of Argentina’s wheat. The government originally announced permits for 10 MMT of exports, of which 8.8 MMT has already been registered. It is obvious the remaining balance will not be allowed to be registered and it remains to be seen what will be done with w...

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From WPI Consulting

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