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Senior Advisor

Argentina ceases wheat exports.

Wheat scheduled to be shipped out ordered to be shipped to domestic millers for flour supply. Internal prices for wheat are reaching $480/tn.

 

 

What me worry.

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Frequent Contributor

Re: Argentina ceases wheat exports.

When you say $480/t is that a port price or local delivery point price, not that in greatly matters just interested. Our top grade of wheat here in eastern Australia is only worth around $250/t at local silo or about $300/t port.
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Senior Contributor

Re: Argentina ceases wheat exports.

good for Argentines.

 

see exports to date and world demand.

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Senior Advisor

Re: Argentina ceases wheat exports.

According to Dow Jones

 

"Wheat currently fetches $480 a metric ton on the spot market of the Buenos Aires Cereals Exchange, roughly double the price of wheat in the U.S. But with January 2014 wheat futures trading at $195 a ton, it remains to be seen if today's high prices tempt farmers to sow more of the grain."

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