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22/01/2018 0:00 - Agricultural Commodities Market
EMILCE TERRÉ
Quick advance of wheat marketing in Argentina

More than half the estimated production in Argentina has already been bought by millers and exporters, deliveries committed for Rosario’s port hub from December 2017 to February 2018 are already 1.2 million ton above last year’s, while total exports for our country are projected 5 million tons above last 5 year’s average. Marketing for 2017/18 Argentinian wheat is advancing at full speed.

Exporters and millers have already bought 8.9 million tons (second highest volume on record) of wheat from an estimated production of 17.3 million tons. That means that more than half the production has already arrived to the final consumers of the grain, well above last year’s average.

 

At the same time, committed deliveries at Rosario’s terminal ports are well above last year. Between December 2017 and February 2018 4.6 million tons of wheat have already been compromised for delivery in this ports hub, 1.2 million above the volume traded at this time of the previous year as it’s shown in the next chart, based on official data.

 

With regard to prices, the adjusted balance between supply and demand of the grain for the marketing year 2017/18 gave support to domestic market values at Rosario Board of Trade, and reference prices for wheat are at its highest level of the year so far.

As it can be seen in the last chart, based on USDA data, Argentina is called to increase noticeably its wheat’s exports to the world. For 2017/18, total exports may be 5 million tons above the past 5 year’s average. Even when Russia’s performance is leading the increases, our country role as wheat provider for the world is outstanding.

 
 

 Institutional video


Institutional Video of the Bolsa de Comercio of Rosario (Rosario Board of Trade)

 Rosario Board of Trade

The Rosario Board of Trade is a centennial institution located in Rosario, in the most important agroindustrial zone of Argentina. Throughout its history it has created and boosted transparent, solid and reliable markets: the Grains Physical Market, the Futures Market, the Capital Market, and the Livestock Market.

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Bolsa de Comercio de Rosario Córdoba 1402 - S2000AWV
TE: (54 341) 5258300 / 4102600
Rosario - Santa Fe - Argentina

Oficina Buenos Aires Reconquista 458 piso 7° - C1003ABJ - Cdad. de Buenos Aires.
Tel: (54 - 011) 43280390/1484 43939391/9649- Fax: (54 - 011) 43939649
contacto@bcr.com.ar