
An analysis by the Rosario Board of Trade says lower Brazilian wheat production and the prospect of increased imports are creating an export opportunity for Argentine wheat. Argentina shipped an estimated record 2 million tonnes of wheat in September and October, while abundant global supplies and weaker international prices are limiting price recovery for soybeans and corn.
Higher Brazilian import needs could support Argentine wheat shipments and prices. By contrast, ample global supplies are weighing on soybean and corn prices despite strong Argentine export activity.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.