Wheat Weakness Comes Back in on Monday

After President Javier Milei anticipated that next July the retentions will return to their previous level and asked the field to sell their grains, from different sectors of the agricultural sector expressed their concern. They warned that now, the deadline for the current retention scheme, which expires on June 30, generates uncertainty and pressure to market quickly for fear of new ups of export rights. Therefore, the market is distorted and …

In January, the government had announced a temporary drop for soy, corn and wheat, so oilseed would pay back 33% for its exports. “Warn the countryside if they have to liquidate, let them do it now,” the President said.

Kansas hay demand light, trades pick up some

This past week, demand was light, and trades picked up a bit, according to the Kansas Department of Agriculture-USDA Market News Service, April 15. Prices were steady for all regions. Two words seem to be on everyone’s lips “dry” and “drought.” Although the wheat and alfalfa look pretty good so far, if rain is not received soon, they will begin to go backwards. The dry conditions are prompting some to be a little more reluctant to give up their …

The supposedly libertarian Argentine president Javier Milei today had an exabrupt of Kirchnerist nature by saying “tell the camp that if they have to liquidate, liquidate now” and then confirmed that next July they will raise agricultural export rights again. Although the message was intended for agro-export companies – that this Monday the DJVE of the soy complex activated not because Milei requested it, but because they were waiting for the no…

Wheat Weakness Comes Back in on Monday

The wheat complex gave back most of Friday’s gains, as losses extended across the three exchanges. Chicago SRW futures were back down 8 to 9 cents in the front months at the close. Kansas City HRW contracts closed with 12 to 13 cent losses on the session. MPLS spring wheat...

"Warn the camp that if it has to liquidate, liquidate now, because the retentions return in July," the president said in an interview.